Thailand: Thaksin's son defends Shin Corp sell-off.

Section: General News - The son of ousted Prime Minister Thaksin Shinawatra insisted that the transfer of Shin Corp's stakes to his ownership stemmed from his father's intention to leave the business circles to join politics.

Testifying before the Supreme Court's Division for Political Post Holders, Phanthongthae Shinawatra, son of ousted Prime Minister Thaksin Shinawatra, said his purchase of Shin Corporation's shares at cost price was from his father's intention to quit the business and devote himself to politics.

Phanthongthae insisted that the purchase was made lawfully with payment for those shares, but accepted he was absent in the company's …