- Title: THAILAND: Fugitive banker Saxena extradited back to Thailand.
- Date: 31st October 2009
- Summary: BANGKOK, THAILAND (OCTOBER 31, 2009) (REUTERS) (BEWARE FLASH PHOTOGRAPHY) EXTERIOR OF CRIME SUPPRESSION DIVISION POLICEMAN AT ENTRANCE POLICE CAR ARRIVING AT ENTRANCE AMBULANCE ARRIVING CRIME SUPPRESSION DIVISION COMMANDER GETTING OUT OF THE AMBULANCE POLICEMEN PULLING AMBULANCE BED FROM THE AMBULANCE WITH SAXENA ON THE BED VARIOUS OF SAXENA ON BED VARIOUS OF POLICEMEN LIFTING THE BED ON STAIRS AMBULANCE OUTSIDE CRIME SUPPRESSION HEADQUARTERS MORE OF POLICEMEN LIFTING SAXENA HOSPITAL BED ON STAIRWAY
- Embargoed: 15th November 2009 12:00
- Keywords:
- Location: Thailand
- Country: Thailand
- Topics: Crime / Law Enforcement,International Relations
- Reuters ID: LVA84MZHDAEHU35RE7Q0IVAHS4I3
- Story Text: Fugitive banker Rakesh Saxena, whose fraud case battered Thailand's economy in the 1990s, has been extradited from Canada.
After 13 years on the run and fighting against his own extradition in Canada, Rakesh Saxena, arrived back in Thailand on Saturday (October 30) after being extradited form Canada.
In 1996 Thai police charged Saxena with helping to embezzle about C$88 million ($82 million) from the former Bangkok Bank of Commerce, where he served as a senior advisor. Canada then arrested him at the Whistler ski resort near Vancouver.
The Thai government was forced to take over the Bangkok bank after news of the fraud allegations caused a public run on deposits. Fears about the banking sector helped trigger a financial crisis that spread through Southeast Asia.
Saxena denies the allegations of wrongdoing, which he has said were politically motivated.
Saxena's extradition case is believed to be the longest in Canadian history. He has spent most of the time at home under an unusual agreement that allowed him to continue running his businesses while paying for his house arrest.
Canada's highest court refused to hear an appeal against Saxena's - Copyright Holder: REUTERS
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