webfact Posted October 30, 2009 Share Posted October 30, 2009 Police Hospital prepares VIP room for Saxena The Police Hospital has prepared a VIP room for providing medical checkup and healthcare for fugitive Rakesh Saxena once he arrives Thailand Friday night. Pol Maj Gen Atthaphan Promtharat, deputy director of the hospital, said a medical team will go to the Suvarnabhumi International Airport at 7 pm to wait for Saxena. The fugitive, who has been extradited from Canada, is scheduled to arrive at the airport at 9 pm. Atthaphan said Saxena is partially paralyzed and has other chronic health problems. -- The Nation 2009/10/30 Link to comment Share on other sites More sharing options...
webfact Posted October 30, 2009 Share Posted October 30, 2009 Attorney General: Fugitive financier Saxena to be in police custody for investigation BANGKOK, Oct 30 (TNA) - Rakesh Saxena, former adviser to the top executive of the failed Bangkok Bank of Commerce (BBC) who was involved in an embezzlement case which helped bring down the bank in 1995, will be promptly handed over to the police for investigation, according to Attorney General Julasingh Wasantsingh. The Supreme Court of Canada has dismissed the petition filed by fugitive Indian-born ex-financier Rakesh Saxena in which he tried to overturn a lower-court decision upholding the extradition, and he was en route to Thailand, ending his 13-year fight against extradition. It was one of the longest-contested extradition cases in Canadian history. Mr Saxena, 57, flying from Vancouver to Beijing and then to Thailand, and is expected to arrive in Bangkok Friday night at around 10pm. Upon his arrival in Thailand, Mr Julasingh said, Mr Saxena would be handed over to the Thai authorities for investigation. The witness statements must be started all over again. The Attorney General said the authorities would file their case to the court as soon as possible. Pol Col Supisan Pakdeenaruanaj, deputy commander of the National Police Bureau's Crime Suppression Division (CSD), said the division had prepared 50 commandos to ensure security around the headquarters and at the cell prepared for Mr Saxena. The commandos will work around the clock. The CSD has prepared basic facilities including a steel bed with mattress and electric fan. Police General Hospital had provided psychiatrist to closely give advice to him during his stay at a cell of CSD. The CSD investigators will team-up with the investigation process with the Economic and Cyber-Crime Division (ECD) for the investigation. In 1995, Mr Saxena, then treasury adviser of the BBC allegedly colluded with Krirkkiat Jalichandra, then president of the bank, and was involved in setting up dummy loans and fabricated accounts to siphon millions from the bank, causing its collapse under US$3 billion in debts, along with 50 other financial institutions, leading to the 1997 financial crisis. Mr Krirkkiat was arrested, tried and sentenced to 30 years in prison plus a fine of Bt330 million. Mr Saxena fled to Canada after the Thai government seized the BBC to stop a run on deposits triggered by a Bank of Thailand report that about US$88 billion of the bank's loans were phony. Many of the loans were reportedly extended to top in government and the private sector, their families and friends and politicians. He was arrested by the Canadian authorities in July 1996. Thailand asked for his extradition on charges of embezzlement and violation of the Securities and Exchange Act. The embezzlement charge has 10-year statute of limitations clause which has already expired, but the related case of violating the Securities and Exchange Act is still valid with a 15-year statute of limitations. The charges related to the Securities and Exchange Act will expire in July 2010 and Mr Saxena's lawyer said that if nothing happens by then, his client would be free of the charges. Deputy National Police Chief Pol Gen Pansiri, head of the investigation team, would meet his team this afternoon to conclude all cases involved and would ask for court's permission to detain Mr Saxena at CSD headquarters. (TNA) -- TNA 2009/10/30 Link to comment Share on other sites More sharing options...
PhilHarries Posted October 30, 2009 Share Posted October 30, 2009 Atthaphan said Saxena is partially paralyzed and has other chronic health problems. Not half as chronic as some would like, I bet there are some very twitchy sphincter muscles in and around Bnagkok right now. What're the odds on a suicide? Link to comment Share on other sites More sharing options...
Thai at Heart Posted October 30, 2009 Share Posted October 30, 2009 (edited) Attorney General: Fugitive financier Saxena to be in police custody for investigationBANGKOK, Oct 30 (TNA) - Rakesh Saxena, former adviser to the top executive of the failed Bangkok Bank of Commerce (BBC) who was involved in an embezzlement case which helped bring down the bank in 1995, will be promptly handed over to the police for investigation, according to Attorney General Julasingh Wasantsingh. The Supreme Court of Canada has dismissed the petition filed by fugitive Indian-born ex-financier Rakesh Saxena in which he tried to overturn a lower-court decision upholding the extradition, and he was en route to Thailand, ending his 13-year fight against extradition. It was one of the longest-contested extradition cases in Canadian history. Mr Saxena, 57, flying from Vancouver to Beijing and then to Thailand, and is expected to arrive in Bangkok Friday night at around 10pm. Upon his arrival in Thailand, Mr Julasingh said, Mr Saxena would be handed over to the Thai authorities for investigation. The witness statements must be started all over again. The Attorney General said the authorities would file their case to the court as soon as possible. Pol Col Supisan Pakdeenaruanaj, deputy commander of the National Police Bureau's Crime Suppression Division (CSD), said the division had prepared 50 commandos to ensure security around the headquarters and at the cell prepared for Mr Saxena. The commandos will work around the clock. The CSD has prepared basic facilities including a steel bed with mattress and electric fan. Police General Hospital had provided psychiatrist to closely give advice to him during his stay at a cell of CSD. The CSD investigators will team-up with the investigation process with the Economic and Cyber-Crime Division (ECD) for the investigation. In 1995, Mr Saxena, then treasury adviser of the BBC allegedly colluded with Krirkkiat Jalichandra, then president of the bank, and was involved in setting up dummy loans and fabricated accounts to siphon millions from the bank, causing its collapse under US$3 billion in debts, along with 50 other financial institutions, leading to the 1997 financial crisis. Mr Krirkkiat was arrested, tried and sentenced to 30 years in prison plus a fine of Bt330 million. Mr Saxena fled to Canada after the Thai government seized the BBC to stop a run on deposits triggered by a Bank of Thailand report that about US$88 billion of the bank's loans were phony. Many of the loans were reportedly extended to top in government and the private sector, their families and friends and politicians. He was arrested by the Canadian authorities in July 1996. Thailand asked for his extradition on charges of embezzlement and violation of the Securities and Exchange Act. The embezzlement charge has 10-year statute of limitations clause which has already expired, but the related case of violating the Securities and Exchange Act is still valid with a 15-year statute of limitations. The charges related to the Securities and Exchange Act will expire in July 2010 and Mr Saxena's lawyer said that if nothing happens by then, his client would be free of the charges. Deputy National Police Chief Pol Gen Pansiri, head of the investigation team, would meet his team this afternoon to conclude all cases involved and would ask for court's permission to detain Mr Saxena at CSD headquarters. (TNA) -- TNA 2009/10/30 I suppose the irony of accused murderers getting bail is lost on most in this country. Custody is probably the safest place for him, but would you want 50 armed guards watching you who are probably only on 20k per month and quite a few high profile families after you? Does Thailand have something equivalent to non-incriminating right to silence under questioning? But then again, there is always the chance he will probably want to go and visit a sporting event somewhere and be granted by the court to go. Oh, whoops, no precedent law in Thailand, so who knows what might happen. Edited October 30, 2009 by Thai at Heart Link to comment Share on other sites More sharing options...
linglop Posted October 30, 2009 Share Posted October 30, 2009 When may we expect to see Pin Chakkaphak back in Thailand? Link to comment Share on other sites More sharing options...
dancep Posted October 30, 2009 Share Posted October 30, 2009 Everyone knows that Canada and Britain people secretly supported the 9/11 attacks and said that America deserved it along with the recession. "Canada and Britain people" ??? Not only do you speak nonsense, but you speak it badly. Well said. It's sad that ignorant illiterates like justnbangkok damage the image of all Americans, but I guess we all have them. Link to comment Share on other sites More sharing options...
george Posted October 30, 2009 Author Share Posted October 30, 2009 Update: Saxena lands in Bangkok: http://www.thaivisa.com/forum/Rakesh-Saxen...mi-t310477.html Link to comment Share on other sites More sharing options...
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