Supreme Court of Canada rules to extradite Rakesh Saxena
Supreme Court of Canada rules to extradite Rakesh Saxena
The Attorney-General is trying to accelerate the extradition process to bring Rakesh Saxena back to face charges of bank fraud after the Supreme Court of Canada has ruled for Saxena’s extradition.
But Saxena is appealing the Supreme Court’s verdict, by claiming that his safety would be at risk if he were to be sent back to Bangkok during this time, according to Sirisak Tiyaphand, the director-general of the Foreign Division of the Attorney-General, said.
Saxena fled for Vancouver, Canada in 1996 after the collapse of the Bangkok Bank of Commerce, which cost the government’s bailout of more than Bt100 billion.
Prosecution order on Saxena delayed due to technicalities
Public prosecutors have asked police to comply with two legal technicalities before deciding on the prosecution order against Indian fraud suspect Rakesh Saxena, chief prosecutor Seksan Bangsomboon said on Wednesday.
The five-member prosecution panel found two flaws in the police report on Saxena’s involvement in embezzling Bt1.6 billion from the defunct Bangkok Bank of Commerce in 1996.
First the translated transcript of the police report has to be revised. Second police have not complete the prescribed steps for notifying the charges to Saxena as per Article 134 of the Criminal Procedural Code.
The notification of charges is incomplete due to the fact that Saxena was just sent back from Canada on Friday. It is expected to take no more than three days to revise the translation and notify Saxena his charges.
Saxena to stand trial for Bt140m banking fraud
BANGKOK: — Public prosecutors on Thursday filed a criminal writ charging Indian-born financier Rakesh Saxena involving in Bt140 million banking fraud, part of the scam which led to the collapse of Bangkok Bank of Commerce in 1996.
Saxena was indicted for violations related to banking and stock market laws to embezzle the BBC by extending a bogus loan to a company Star Luck Footwear.
The Criminal Court has set a first hearing on May 31.