Announcement

Collapse
No announcement yet.

Panthongtae to be questioned on alleged money-laundering

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #31
    Thaksin's son shows up for money-laundering indictment


    Former prime minister Thaksin Shinawatra's son Panthongtae reported to the Office of the Attorney-General on Wednesday and was indicted for money-laundering in the Krungthai Bank loan scandal.

    Mr Panthongtae, 38, was accompanied by his younger sisters Pinthongta and Praethongtan and many key members of the Pheu Thai Party, who showed up to give him moral support.

    The Department of Special Investigation earlier recommended the attorney-general prosecute Mr Panthongtae, Kanchanapa Honghern (secretary to Mr Panthongtae's mother Khunying Pojaman na Pombejra), and her husband Wanchai Honghern.

    Mr Panthongtae and the two others are accused of laundering money that state-owned Krungthai Bank lent to subsidiaries of property developer Krisdamahanakorn in 2003 and 2004, when his father Thaksin was prime minister, even though the company was a non-performing debtor.

    They allegedly received cheques of 10 million baht and 26 million baht tied to the unsecured Krungthai Bank loans.

    A spokesman for the attorney-general later confirmed Mr Panthongtae was indicted on charges of conspiracy and collusion in money-laundering, relating to the 10-million-baht cheque.

    Ms Kanchanapa and Mr Wanchai were indicted on the same charges, relating to the 26-million-baht cheque.

    Money-laundering carries a jail term of 1-10 years and has a 10-year statute of limitations, the spokesman said. They would be arraigned in the Central Criminal Court for Corruption and Misconduct Cases.

    Krungthai Bank lent 9.9 billion baht to subsidiaries of Krisdamahanakorn to refinance loans and for project development.

    KMC was at the time in Krungthai's non-performing loans group, a category that banks should not lend to under Bangkok of Thailand regulations.

    Bank executives were found to have approved the loan because a "big boss" said there would be no problem. The court, however, decided there was not enough evidence to establish who the "big boss" was.

    In 2015, the Supreme Court for politicians sentenced 16 people to 12 and 18 years in jail for malfeasance. They included three former top Krungthai Bank executives and Krisdamahanakorn executives.: https://www.bangkokpost.com/print/1555402/

    Maybe another thread, so we can follow it along: How many years will Panthongtae be sentenced to related to the money laundering case.
    Keep your friends close and your enemies closer

    Comment


    • #32

      http://www.nationmultimedia.com/deta...itics/30356223
      Keep your friends close and your enemies closer

      Comment


      • #33
        Originally posted by S Landreth View Post
        Also, the court scheduled a hearing on November 5 for the defendant to declare formally whether he admitted to or denied the charge against him.
        http://www.nationmultimedia.com/deta...itics/30357956
        Keep your friends close and your enemies closer

        Comment


        • #34
          http://www.nationmultimedia.com/deta...itics/30358726
          Keep your friends close and your enemies closer

          Comment


          • #35
            And No doubt they are staying in Thaksins apartment in HK.

            Comment


            • #36
              Oak gets approval to go abroad

              Panthongtae "Oak" Shinawatra, a suspect in a money-laundering case, must return to the country and report to the court by March 26 after was granted permission to go abroad and attend the wedding of his sister in Hong Kong, a source said Thursday.

              The Central Criminal Court for Corruption and Misconduct Cases approved his request for permission to leave the country late last year.

              Mr Panthongtae is scheduled to attend the wedding of his sister Paetongtarn Shinawatra in March, the source said.

              On Oct 10, last year, Mr Panthongtae, the son of fugitive ex-premier Thaksin Shinawatra, was indicted by the Office of the Attorney-General on charges of conspiracy and collusion in money laundering.

              The charges stem from a 10-million-baht cheque he received which was tied to wrongfully approved Krungthai Bank loans of 9.9 billion baht which the state-run bank granted to subsidiaries of Krisdamahanakorn during Thaksin's administration.

              The loans were approved despite the firm being listed as a non-performing debtor.

              On Nov 5, last year, Mr Panthongtae pleaded not guilty to the charges when he was arraigned in the Central Criminal Court for Corruption and Misconduct Cases. He was later granted bail on the condition that he does not travel abroad without prior approval from the court.: https://www.bangkokpost.com/news/pol...l-to-go-abroad
              Keep your friends close and your enemies closer

              Comment


              • #37
                • Panthongtae acquitted of money laundering


                The Central Criminal Court for Corruption and Misconduct Cases on Monday acquitted Panthongtae Shinawatra of money laundering, finding he did not know the source of a 10-million-baht cheque he received got from a friend involved the Krungthai Bank (KTB) loan scandal.

                Public prosecutors arraigned the 41-year-old son of former prime minister Thaksin Shinawatra on Oct 10 last year, charging that the cheque was drawn on money from illegal loans totalling 9.9 billion baht obtained from the state-run KTB.

                Mr Panthongtae denied money laundering. He said the money belonged to his friend Ratchada Krisdathanon, 53, who wanted to co-invest in a planned supercar import venture which was later scrapped.

                During the trial, Mr Panthongtae was released on bail of 1 million baht on the condition that he remained in the country.

                The court ruled that Mr Panthongtae was not guilty of money laundering because public prosecutors failed to prove that he knew the source of the 10 million baht that he received from Ratchada's father Wichai Krisdathanon, owner of real estate developer Krisdamahanakorn (KMC).

                Mr Panthongthae received the money when he was a 26-year-old graduate and at that time he owned about 4-billion-baht worth of shares in his own companies. The 10-million-baht sum was only 0.25% of his share wealth, the court said.

                The court also mentioned that Thaksin, Mr Panthongtae's father, had been acquitted in the Krungthai Bank loan scandal.

                The court stated that public prosecutors proved only that at the time he received the cheque Mr Panthongtae was close to Wichai's family.

                After the ruling, Mr Panthongtae said he had received considerable moral support and was grateful for it. His mother Khunying Potjaman Na Pombejra smiled and said she felt relieved.

                Mr Panthongtae was accused of money laundering because he had received a 10-million-baht cheque allegedly drawn opn illegitimately approved loans totalling 9.9 billion baht that KTB extended to subsidiaries of KMC between 2003 and 2004 while his father Thaksin was the prime minister.

                Wichai, 80, was sentenced to 12 years in prison over the KTB loans in 2015.

                Under a debt-rehabilitation agreement, KMC was not eligible to receive any more loans. However, KTB gave credit lines totalling 9.9 billion baht to its subsidiaries. Of the total, 8 billion baht was for repaying the debts it had with Bangkok Bank. One of the directors alleged the "big boss" wanted them to approve the loan.

                But days before the loan was approved, Bangkok Bank, KMC's creditor, gave the company a reduction to 4.5 billion baht from 14.3 billion if the amount was paid in a month.

                After receiving 8 billion baht of the loan from KTB, only 4.5 billion went to clearing the debts with Bangkok Bank. The rest was spent in transactions with different groups and people including Wichai, whose money was used to buy the 10-million-baht cashier's cheque for Mr Panthongtae.

                In 2015, former KTB president Viroj Nualkhair, former bank chairman Suchai Jaovisidha and 22 other bank staff were found guilty of charges connected to the KTB scandal.

                Earlier this year, the Supreme Court acquitted Thaksin of charges in connection with the same KTB loan scandal, ruling there was no proof presented that he was the "big boss" who had ordered KTB to approve the 9.9 billion baht in loans to KMC's affiliates.: https://www.bangkokpost.com/thailand...ering#cxrecs_s
                Keep your friends close and your enemies closer

                Comment

                Valentina Jewels gets pounded like a btich dog ?????? ??????? ????????? ???????? ???? diferentes tipos de bajinas
                antalya escort bayan
                Working...
                X