The Anti-Money Laundering Office (AMLO) has seized assets worth over one billion baht owned by Indian-born ex-financier Rakesh Saxena, who is charged with embezzling money from the now-defunct Bangkok Bank of Commerce (BBC).
Acting Secretary-General of the Anti-Money Laundering Office, Pol Col Sihanart Prayoonrat, said that the panel’s meeting on Thursday March 1 has assigned officials to examine assets involving the embezzlement case of Saxena, former senior adviser of the BBC.
Saxena has been indicted on 24 charges of conspiring in the embezzlement case, approving unauthorised loans and fabricating accounts, as well as establishing bogus loans that saw the BBC lose US$48 billion (B1,440 billion) and foreign currency worth a total of $85 million (B2.55 billion).
Mr Sihanart noted that AMLO has seized Saxena’s overseas assets, worth over B1 billion, and will proceed with the seizure of the assets of other defendants such as former BBC president Krikkiet Chaleejandra, and relatives involved in the cases.
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