Thaksin Shinawatra and 26 others to be judged in bank loan case

Thailand News Breaking News

Thailand News Breaking News. Image: TN.

The Supreme Court’s Criminal Division for Holders of Political Positions on Wednesday accepted a state bank loan case involving ousted prime minister Thaksin Shinawatra and 26 others for alleged malfeasance.

Thaksin and 26 accomplices have been accused of collaborating with state-owned Krung Thai Bank’s executives to approve a Bt9.9 billion loan to Krisada Mahanakorn Plc, a major real estate company, and its subsidiaries, despite their businesses being categorised as non-performing debtors by the bank.

Read more: The Nation

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