A stridently anti-military Thai party was dissolved Friday and its key members banned from politics for a decade over a USD 6 million loan by its billionaire founder, a withering blow to the kingdom's pro-democracy movement.
The Future Forward Party (FFP), fronted by the charismatic auto-parts scion Thanathorn Juangroongruangkit, emerged from nowhere in March last year to become Thailand's third biggest party in the first elections since a 2014 coup.
The party's radical agenda -- calling for full democracy, an end to conscription and the removal of the army from politics and business -- pitched it against the powerful, conservative military.
But since their strong poll showing, Thanathorn and his 76 lawmakers have faced relentless rounds of legal cases in Thailand's courts.
On Friday the nine-member constitutional court dissolved FFP, ruling a USD 6 million loan by Thanathorn breached the law governing political parties.
The loan exceeded the USD 315,000 limit on donations to parties by an individual, one judge said.
Panya Udchachon told the court that "party executives must have known that a loan of that amount would give influence (to Thanathorn) and he could gain advantage over the party."