TITLE

RISK SUMMARY: THAILAND

PUB. DATE
July 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article focuses on how the former governor of the Thai central bank during the Asian financial crisis, Rernghai Marakanond, has been fined $4.6 billion for his role during the crisis. The figure is the amount equivalent to what Marakanond spent trying to prop up the Thai currency during the crisis. The case, which was brought by the Thai government, means that the former governor is being held personally responsible for the meltdown. In a statement, the judge said that the defendant committed grave negligence by using the country's foreign reserves until they went into deficit.
ACCESSION #
17466655

 

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