TWO FORMER top executives of state-

TWO FORMER top executives of state-owned Krungthai Bank were each sentenced to 18 years in jail yesterday for approving a questionable loan worth Bt8 billion to a property company.

The Supreme Court's Criminal Division for Political Office Holders gave the lengthy imprisonment term to KTB's former president Viroj Nualkhair and former board chairman Suchai Chaovisit, in addition to 17 others who were also convicted in the case.

Former prime minister Thaksin Shinawatra, who was the first defendant in this case, was among the 27 people charged. But the court has suspended the case against him because he has fled the country.

The court also ordered Thaksin's arrest in order for him to stand trial in the case.

The convicts, as officials of the state, were found guilty of colluding to approve the loan dishonestly to subsidiaries of Krisdamahanakorn in 2003, for refinancing and land acquisition. But the loan was used for personal purposes, the court found.




The other defendants convicted in the case include the bank's credit officers and executives of companies affiliated with Krisdamahanakorn who received loans from KTB. They were sentenced to 12 years each in jail.

The Supreme Court also ordered all the convicts to pay compensation totalling more than Bt10 billion in damages to the bank.

Viroj, aged 68, an eminent merchant banker in his heyday, also served as vice chairman of the troubled Phatra Thanakit. He later became honourary chairman of Phatra Securities.

All 19 people convicted in the case, including Viroj and Suchai, were sent to the Bangkok Remand Prison yesterday.

Results (Thai) 3:

国有银行的前高管krungthai两各被判入狱18年昨日批准一个可疑的贷款价值BT8亿物业公司。最高法院刑事庭政治官员给了漫长的监禁期限KTB前总统Viroj nualkhair和前董事会主席suchai chaovisit，另外17人也被定罪的情况下。前总理他信，谁是本案的第一被告，是27人之间。但法院已经中止了对他的案件，因为他已逃离该国。法院还下令他信的逮捕令他在案件中受审。这些犯人，作为国家的官员，被发现犯有共谋批准贷款不到krisdamahanakorn 2003家子公司，再融资和收购土地。但法院发现该贷款是用于个人用途的。其他被告人被定罪的情况下包括银行的信贷人员和下属接受贷款从KTB krisdamahanakorn公司高管。他们被判处12年监禁。最高法院还下令所有囚犯赔偿总额超过BT10亿美元赔偿金给银行。Viroj，现年68岁，在他的全盛时期一位杰出的商业银行家，也曾作为问题帕塔拉thanakit副主席。他后来成为帕塔拉证券名誉主席。19人被定罪的情况下，包括Viroj和suchai，昨天被送往曼谷还押监狱。