Khashoggi Loan Leads to 20 Year Prison Sentence for Thai Bank President

Portrait of a Jackal as an old man: Adnan Khashoggi was recruited by the CIA in the mid-sixties – AC

Former bank exec to serve 20 more years

BANGKOK, Mar 11, 2009 (UPI via COMTEX) — A court in Thailand added 20 years to the prison sentence of a former Bangkok Bank of Commerce president Wednesday for an embezzlement conviction.

Former bank President Krirkkiat Jalichandra was convicted in September on corruption charges, including a charge that he had lent money to a colleague to buy bank shares without asking for the bank board’s approval, The Bangkok Post reported.

He was sentenced, then, to 20 years in prison.

Wednesday’s court action also included 20-year prison sentences handed out to four other defendants, including the bank’s former senior executive Ekachai Athikomnantha and former financial management division chief Wanchai Thammanitiwat.

The recent conviction involves a loan made in secret to a Saudi Arabian arms dealer, Adnan Khashoggi, in a deal that lost the bank $43 million, the Post reported.