How Pin escaped extradition from UK

He allegedly conspired with Termchai Pinyawat and Samran Kanokwattanawan and violated the central bank’s directives and finance company laws, causing damage to the public through embezzlement involving Finance One, Ekkapak Co and Consolidated Business Management Co (CBM). Ekkapak and CBM were subsidiaries of Finance One Group.
The three men were accused of buying 31 promissory notes of Ekkapak and CBM worth Bt966 million via the Bank of Indosuez. They bought 17 P/Ns worth Bt418 million via Siam City Bank and 16 P/Ns worth Bt382 million via Nakornthon Bank.
Later Ekkapak reported a loss of Bt1.70 billion and CBM reported a loss of Bt92 million.
The central bank alleged that the three sold and bought the P/Ns in a dishonest manner to prevent the central bank from checking the suspicious transactions, so they were accused of embezzling Bt1.77 billion from Finance One.
The three were also accused of buying P/Ns directly from Ekkapak and CBM several times with a combined value of Bt361 million. Termchai and Samran were indicted by the Southern Bangkok Court on August 2, 1999.
Pin fled the country in 1997 before he was charged in court.
On December 12, 1999, Pin was arrested in London by British police on the charge of violating finance company laws and embezzling Bt2.13 billion from his own firm.
On July 27, 2001, the BC Court of Appeals ruled to free Pin from detention by the British authorities under the extradition order of the Thai authorities.
On August 14, 2001, British public prosecutors informed their Thai counterparts that the extradition case against Pin could not be appealed to the BC Supreme Court because the Supreme Court would not consider the facts but only the legal technicalities. That meant the extradition case against Pin was over.