Former BBC adviser gets 10-year prison sentence
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A Thai court on Friday sentenced Rakesh Saxena, the highprofile former bank adviser, to 10 years in prison and fined him Bt1 million for approving bad loans.
Rakesh, an Indian, was involved in the Bangkok Bank of Commerce (BBC)’s Bt1.66billion fraud, which later led to the collapse of the bank at the beginning of the financial crisis in 1997.
Saxena was charged in 1996 but fled to Canada. He was extradited to Thailand in 2009.
The Nation
