Former prime minister Abhisit Vejjajiva had earlier been indicted on the same charges.
Mr Suthep was escorted by soldiers to report to the prosecution to hear the charges after being released on Monday morning by the National Council for Peace and Order (NCPO). He denied the charges.
He was later formally indicted in the Criminal Court.
His lawyer applied for his release on bail, submitting a bank deposit passbook of 600,000 baht as surety. The court approved the bail request.
Mr Suthep is required to report to the court for the first hearing on July 28.