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The Pheu Thai Party is the third incarnation of a Thai political party originally founded by former prime minister Thaksin Shinawatra. The Pheu Thai Party was founded on 20 September 2008, as an anticipated replacement for the People's Power Party, which Constitutional Court of Thailand dissolved less than three months later after finding party members guilty of electoral fraud. The People's Power Party was itself a replacement for Thaksin's original Thai Rak Thai party which the Constitutional Court dissolved in May 2007 for violation of electoral laws. (via Freebase)