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Non-Tech : GENI: Inc
GENI 2.5100.0%Nov 5 3:00 PM EDT

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To: PaleskeDrAv who wrote (530)10/10/2007 11:07:45 AM
From: StockDung   of 574
Krirkkiat gets another 20-year jail term

( - 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 for colluding with two other bank executives in approving fund worth of more than 2 billion baht to Saudi arms dealer Adnan Khashoggi without asking for the board's consideration, which broke the rule of the central bank.

Ekachai Athikomnantha, another former senior executive of BBC, and Wanchai Thammanitiwat, the bank's former chief of the financial management division were the other two who were found guilty of embezzlement on the case and received the 20-year jail sentence.

The two were also ordered to pay fine of 16 million baht each.

Moreover, they were ordered to pay BBC for the amount of money they approved for Khashoggi, which was slightly more than 2 billion baht
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