Bt415m retrieved in BBC case
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Legal Execution Department chief Wisit Wisitsora-art said yesterday that his office had retrieved Bt415 million from Swiss banks as part of its operation in relation to the failed Bangkok Bank of Commerce.
Wisit said his department, in cooperation with the Office of the Attorney-General and the Bank of Thailand, had traced the embezzled assets hidden in Switzerland by Kirkkiat Chaleejan, Rakesh Saxena and other former BBC executives.
He said another batch of about Bt100 million would be returned to Thailand later, and the money would be repaid to creditors. The department is also looking for assets hidden in Canada, he said.
Wisit added that Bt686 million had been collected from auctions so far and would be returned to the 14 financial institutions.
Justice Ministry spokeswoman Reunreudee Suwanmongkol, also inspector-general, said the Cabinet had approved an amendment to a ministerial regulation regarding the auction. She said the amendment allowed the auction panel to set an appropriate starting price instead of going by the price set by the litigant, which is often too high.
