By The Associated Press
THE SENTENCE: A former adviser to the now defunct Bangkok Bank of Commerce received a 10-year prison sentence and was fined $36 million for embezzlement that helped spark the 1997 financial crisis.
THE CRIME: Bangkok's Criminal Court ruled Friday that Rakesh Saxena "damaged the country's economy" and its financial and banking systems by participating in the bank making fraudulent loans to cronies of its management.
THE LOSS: The bank had $3 billion of unrecoverable loans on its books at the time it collapsed. Saxena's role in those deceptions helped him to accumulate a fortune of 1.66 billion baht ($52.6 million).
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.