Prosecutors have postponed Panthongtae Shinawatra's indictment for his alleged involvement in the multi-billion-baht Krungthai Bank (KTB) loan scandal.
Prosecutors have postponed Panthongtae "Oak" Shinawatra's indictment for his alleged involvement in the multi-billion-baht Krungthai Bank (KTB) loan scandal.
Prayut Petkhun, deputy spokesman of the Office of Attorney-General, said the decision will be made on Oct 10, as further investigation is needed.
Mr Panthongtae and three other suspects were initially charged with money laundering after Mr Panthongthae received a cheque worth 10 million baht that was tied to wrongfully-approved KTB loans worth 26 million baht.
Mr Panthongtae's lawyer has written to the Department of Special Investigation, claiming his client was not aware that the cheque he received was part of a fraudulent KTB loan, and had no intention of concealing the money.
A money laundering charge has a statute of limitation of 15 years. Mr Panthongtae's case has two to three years remaining of the statute, Mr Prayut said.
