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Ex-Thai banker Rakesh Saxena jailed for 10 years
Source: BBC
A court in Thailand has jailed a former banker for 10 years on corruption charges.
The court found Indian-born Rakesh Saxena guilty of fraud of up to $80m (£51m).
Saxena advised the Bangkok Bank of Commerce until 1996 when he embezzled massive amounts, contributing to the collapse of the bank.
The banking crisis emanating from this collapse led to financial troubles across Asia.
Read more: http://www.bbc.co.uk/news/world-asia-18368555
Ya hear that, America?
