Thai billionaire in court over alleged share holdings

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Bangkok: The charismatic frontman of Thailand’s anti-military parliamentary bloc appeared in court accused of breaching election rules by holding media shares, a case which could see him barred from politics and jailed for up to 10 years.

Thanathorn Juangroongruangkit , 40, has rattled the kingdom’s arch-royalist establishment since seizing the political limelight with his caustic take downs of the army’s role in Thai politics and society.

He was suspended yesterday from attending parliament since the Election Commission accused him of breaking polling laws by holding media shares – an offence that carries a long jail term. The party wants to amend the constitution to excise the military’s influence, slash defence spending and end conscription to an army that has carried out a coup at an average of once every seven years since the 1932 establishment of a constitutional monarchy.

 

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