Thursday, October 11, 2007

Krirkkiat gets another 20-year jail term

from BangkokPost.com

The Criminal Court on Wednesday handed down another 20-year jail sentence to Bangkok Bank of Commerce (BBC) former president Krirkkiat Jalichandra for embezzlement. He is also fined for 16 million baht ($508,000 US) for colluding with two other bank executives in approving fund worth of more than 2 billion baht ($63,500,000 US) to Saudi arms dealer Adnan Khashoggi without asking for the board's consideration, which broke the rule of the central bank.

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