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Saxena Has Returned to Thailand to Face Charges

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WannaGo

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This really came down to the wire...he's been holding out in Canada for 13 years. Just 9 more months, and the statute of limitations would have expired and he would have been protected from extradition.

BANGKOK — A fugitive former adviser to a Thai bank whose failure caused a crisis of confidence that helped spark the 1997 Asian financial meltdown arrived Friday night in Bangkok after his extradition from Canada.

Rakesh Saxena, 57, had staged one of the longest extradition battles in Canadian history to avoid being sent back to face charges he helped embezzle $88 million from the Bangkok Bank of Commerce, which collapsed in 1995. The bank had about $3 billion in bad debt when it was shut down.

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