Panthongtae’s lawyer makes another objection to DSI case

By The Nation

 

 

A lawyer representing Panthongtae Shinawatra, son of former prime minister Thaksin Shinawatra, has urged the Department of Special Investigation (DSI) to terminate plans to question Panthongtae in connection with a money-laundering charge, due to the lack of evidence cited in a previous investigation.

 

Lawyer Chumsai Sriyapai said the now-defunct Asset Examination Committee had accused Panthongtae of receiving ill-gotten money, but the statute of limitations had already expired after a 10-year period.

 

Chumsai added that his client had never been charged with money laundering concerning state-owned Krungthai Bank’s multi-billion-baht fraudulent loans extended to Krisada Mahanakorn Group.

 

The loans were backed by highly-inflated collateral resulting in a massive financial damage to Krungthai Bank in 2005 while Thaksin was prime minister. 

 

Panthongtae earlier petitioned the DSI to also investigate another 150 people and organisations that had also received ill-gotten funds from Krisada Mahanakorn Group.

 

Chumsai said his client had earlier faced only one charge of receiving Bt10 million in ill-gotten funds from Krisada Mahanakorn as there was no evidence about money laundering. It was unusual for the DSI to pursue a money-laundering case at this time, he added.

 

He said Panthongtae would be ready to meet DSI investigators on October 24 if the agency insisted that he prove his innocence

Money-laundering charges have a statute of limitations of 15 years, which means the case can still be prosecuted.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30328369

 

-- © Copyright The Nation 2017-10-3

5 minutes ago, snoop1130 said:

Panthongtae earlier petitioned the DSI to also investigate another 150 people and organisations that had also received ill-gotten funds from Krisada Mahanakorn Group.

 

That's one way to make a whole lot of new friends ! 

10 minutes ago, Ricardo said:

 

That's one way to make a whole lot of new friends ! 

 

Yep, that would possibly mean investigating his mothers' secretary.

 

Is she already inside? Lost track of her ...

Edited October 3, 20178 yr by scorecard

I just spat my coffee reading the BP article in that he felt he should not be charged as an earlier inquiry had dropped the charge. 

add 'thai' to 'lawyer' and run for your life

20 hours ago, Ricardo said:

 

That's one way to make a whole lot of new friends ! 

 

Indeed. Also shows the Shin willingness to throw anyone non family under the bus!

19 hours ago, Psimbo said:

I just spat my coffee reading the BP article in that he felt he should not be charged as an earlier inquiry had dropped the charge. 

 

Yes and that earlier inquiry was probably when the highly professional, competent and unbiased Tarit was Director in charge. So it must be kosher! 

http://www.reuters.com/article/us-thailand-politics-shinawatra/son-of-thailands-ex-pm-thaksin-charged-with-money-laundering-idUSKBN1CN0RE?feedType=RSS&feedName=worldNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+Reuters%2FworldNews+(Reuters+World+News)

 

#WORLD NEWS

OCTOBER 18, 2017 / 2:22 PM / UPDATED 13 MINUTES AGO

Son of Thailand's ex-PM Thaksin charged with money-laundering

 

Reuters Staff

3 MIN READ

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BANGKOK (Reuters) - The only son of fugitive former Thai prime minister Thaksin Shinawatra has been formally charged with money-laundering, the Department of Special Investigations told Reuters on Wednesday.