Sleepless Nights For Saxena And Some Politicians

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Sleepless nights for Saxena and some politicians

Published on October 28, 2009

Saxena

Sleepless nights for Saxena and some politicians

After fugitive ex-PM Thaksin Shinawatra, Rakesh Saxena is perhaps the second most-wanted man in Thailand.

Dubbed a "financial wizard", Saxena might be extradited to Thailand as early as Friday because the British Columbia Supreme Court will be passing a verdict on his fate on Thursday.

Saxena, who, as an adviser to the Bangkok Bank of Commerce, was charged in Thailand in 1996 with embezzling US$88 million (Bt2.94 billion), which led to a run on the bank's deposits, causing its collapse and sparking off the 1997 crisis. Saxena was arrested at the ski resort town of Whistler, Canada, in 1996. Thai money-laundering officials also seized his assets in the United Kingdom and Switzerland worth more than Bt2 billion.

Saxena is still engaged in a lengthy battle to fight extradition, but his bid was reject by the Appeals Court in Vancouver. If he is not extradited before July 2010, the fraud charges against him in Thailand will get nullified due to the statute of limitations, and he will be able to walk a free man again.

For most of the time fighting the law, Saxena has been under house arrest. He suffered a stroke last March and is now bound to a wheelchair. Last May, the partially paralysed Saxena was seen being physically supported in court by his mother and a nurse.

Over the past three decades, the Indian financier was reputed to have engaged in dozens of high-risk ventures and deals throughout the world.

In an article posted on www.nriinternet.com, former barrister-at-law Dr Alexander von Paleske alleges that Saxena is part of shady deals led by Adnan Khashoggi - once considered the richest man on Earth. The BBC's former CEO Krirkkiat Jalichandra was apparently introduced to a promising young Indian man called Saxena in the early 1990s.

According to Paleske, Saxena is wanted in India for culpable homicide and that he gave up on his communist beliefs after completing his education and started concentrating on fraud and corruption instead.

Also, the article says that Saxena has been very busy during his time in Canada, providing US$10 million (Bt334 million), which is believed to come from BBC, to British mercenary Tim Spicer to finance a countercoup in Sierra Leone.

Khashoggi and Saxena apparently also had some very serious business at hand and dashed off to Vienna, where they hooked up with a Filipino called Amador Pastrana before the three bought the WMP Bank AG and renamed it General Commerce Bank. The bank was then turned into a boiler room of sorts and the fraud, according to press reports, amounted to roughly $1 billion.

After doing his best to stymie efforts to get him extradited, Saxena might still land on Thai soil this Friday, according to police. As for some politicians who had connections with BBC, Saxena and Krirkkiat, they might just end up spending a few sleepless nights.

jintana(at)nationgroup.com

-- The Nation 2009/10/28

[Xangsamhua]

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Sleepless nights for Saxena and some politicians

Published on October 28, 2009

According to Paleske, Saxena is wanted in India for culpable homicide and that he gave up on his communist beliefs after completing his education and started concentrating on fraud and corruption instead.

Also, the article says that Saxena has been very busy during his time in Canada, providing US$10 million (Bt334 million), which is believed to come from BBC, to British mercenary Tim Spicer to finance a countercoup in Sierra Leone.

Khashoggi and Saxena apparently also had some very serious business at hand and dashed off to Vienna, where they hooked up with a Filipino called Amador Pastrana before the three bought the WMP Bank AG and renamed it General Commerce Bank. The bank was then turned into a boiler room of sorts and the fraud, according to press reports, amounted to roughly $1 billion.

After doing his best to stymie efforts to get him extradited, Saxena might still land on Thai soil this Friday, according to police. As for some politicians who had connections with BBC, Saxena and Krirkkiat, they might just end up spending a few sleepless nights.

jintana(at)nationgroup.com

-- The Nation 2009/10/28

Extradition to Thailand. About time. Who are the Thai pollies linked to BBC, or is that too sensitive a question?

[plachon]

BETWEEN THE LINES

Sleepless nights for Saxena and some politicians

Published on October 28, 2009

According to Paleske, Saxena is wanted in India for culpable homicide and that he gave up on his communist beliefs after completing his education and started concentrating on fraud and corruption instead.

Also, the article says that Saxena has been very busy during his time in Canada, providing US$10 million (Bt334 million), which is believed to come from BBC, to British mercenary Tim Spicer to finance a countercoup in Sierra Leone.

Khashoggi and Saxena apparently also had some very serious business at hand and dashed off to Vienna, where they hooked up with a Filipino called Amador Pastrana before the three bought the WMP Bank AG and renamed it General Commerce Bank. The bank was then turned into a boiler room of sorts and the fraud, according to press reports, amounted to roughly $1 billion.

After doing his best to stymie efforts to get him extradited, Saxena might still land on Thai soil this Friday, according to police. As for some politicians who had connections with BBC, Saxena and Krirkkiat, they might just end up spending a few sleepless nights.

jintana(at)nationgroup.com

-- The Nation 2009/10/28

Extradition to Thailand. About time. Who are the Thai pollies linked to BBC, or is that too sensitive a question?

Do a search for "Group 16" and you might find some interesting names in the current millieu.

[BanTamo]

what a wanke_r!

[TAWP]

Silly it has to take this long...

[Xangsamhua]

BETWEEN THE LINES

Sleepless nights for Saxena and some politicians

Published on October 28, 2009

According to Paleske, Saxena is wanted in India for culpable homicide and that he gave up on his communist beliefs after completing his education and started concentrating on fraud and corruption instead.

Also, the article says that Saxena has been very busy during his time in Canada, providing US$10 million (Bt334 million), which is believed to come from BBC, to British mercenary Tim Spicer to finance a countercoup in Sierra Leone.

Khashoggi and Saxena apparently also had some very serious business at hand and dashed off to Vienna, where they hooked up with a Filipino called Amador Pastrana before the three bought the WMP Bank AG and renamed it General Commerce Bank. The bank was then turned into a boiler room of sorts and the fraud, according to press reports, amounted to roughly $1 billion.

After doing his best to stymie efforts to get him extradited, Saxena might still land on Thai soil this Friday, according to police. As for some politicians who had connections with BBC, Saxena and Krirkkiat, they might just end up spending a few sleepless nights.

jintana(at)nationgroup.com

-- The Nation 2009/10/28

Extradition to Thailand. About time. Who are the Thai pollies linked to BBC, or is that too sensitive a question?

Do a search for "Group 16" and you might find some interesting names in the current millieu.

Very interesting. http://siamreport.blogspot.com/2008/12/group-of-16_30.html It seems they started out with some good ideas, but then got sucked into the mire of corruption that is Thai politics.

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topic is running here:

http://www.thaivisa.com/forum/Decision-Rak...on-t309694.html

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