BANGKOK – Three court cases in Thailand, including one that has ensnared the Prime Minister, have heightened political uncertainty in South-east Asia’s second-largest economy and sent investors fleeing its stock market.
In one of the cases, influential former prime minister Thaksin Shinawatra will be formally indicted for allegedly insulting the monarchy.
The outcome of the cases could leave Thai politics in disarray, raising tensions between the powerful conservative, royalist camp and its rivals — a pattern that has dogged the political landscape for decades, said analyst Thitinan Pongsudhirak. The Constitutional Court subsequently accepted the complaint but has not announced a schedule for its proceedings on this case.
In January, the Constitutional Court ruled that the party’s plans to change the law were a hidden effort to undermine the monarchy.
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