Akarakit "Benz Racing" Worarojcharoendet and two other suspects have been indicted on money-laundering and drug charges that carry a maximum penalty of life imprisonment if they are found guilty.
Prosecutors filed the charges in the Criminal Court on Friday, naming 30-year-old Akarakit, Sansern Rasanont, 25, and Angsuporn Inna, 29.
All were accused of laundering drug money and conspiracy to launder money. The offences carry a maximum jail term of 10 years and a fine of up to 200,000 baht or both.
The trio face another charge, filed on May 17, of abetting drug-related offences and accepting assets in return. It carries a maximum punishment of life imprisonment.
Mr Akarakit has denied all the charges during the investigation process, but his two co-accused have made confessions, according to prosecutors.
All have been released on bail but have been ordered to appear in court on Monday to start the judicial process.
Pitak Obsuwan, the director of the prosecutor's office in charge of drug cases, said prosecutors had sufficient evidence to bring the case to the court.
All three accused are said to have colluded to undertake money transactions on 53 occasions, totalling 11 million baht, with Natthaphol "Boy" Nakkham between Dec 29, 2014 and Feb 1 this year. A total of 1.9 million baht was later wired to actress Napapa "Patt" Tantrakul, the wife of Mr Akarakit.
Mr Natthaphol has been linked to Lao druglord Xaysana Keopimpha, who was arrested at Suvarnabhumi airport in January. Investigators have traced his money trail and network, leading to the arrest of other gang members and his direct or indirect co-conspirators.
Mr Akarakit came to the attention of authorities because of a 20-million-baht Lamborghini that had been left in his care. It was believed to have been acquired with drug money but he has consistently denied any illegality. In April he said: "We have been doing business and acquiring things honestly."
His wife has been charged with money laundering and conspiracy to launder money in relation to the 1.9-million-baht sum in her account.
Sitthichok Treenet, a lawyer for Mr Akarakit, said after the indictment that his client would go to the court on Monday, and that he would prepare cash to bail him out.
Prosecutors have opposed bail for all three.