Financier from Thailand’s boom years goes on trial

Financier from Thailand's boom years goes on trial -, August 23, 2010
...In addition, Saxena faces up to 20 counts of fraud and embezzlement in the BBC case. Among the charges he faces is that he embezzled 1.6 billion baht (82 million dollars) from the BBC through a fraudulent loan to Citi Trading Company, a Saxena proxy firm. Thai authorities have traced about 65 million dollars in offshore bank accounts belonging to Saxena, including 4 million dollars in Britain, 6.4 million dollars in bank accounts on the island of Guernsey, a British dependency, and 54 million dollars in accounts in Switzerland...

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