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Canadian News

Fugitive banker extradited to Thailand

Thursday, October 29, 2009 6:38:06 PM
By JEREMY HAINSWORTH

Amrit Sarup, the mother of Rakesh Saxena, enters the Custom and Immigration Office at the Vancouver International Airport on Thursday, Oct. 29, 2009.. Saxena, a fugitive banker's long fight against extradition ended Thursday as he was put on a plane back to Thailand, where he faces charges of fraud that Thai officials say contributed to the 1990s Asian financial crisis. (AP Photo/The Canadian Press, Sam Leung)VANCOUVER, British Columbia (AP) - A fugitive banker's long fight against extradition ended Thursday as he was put on a plane back to Thailand, where he faces charges of fraud that Thai officials say contributed to the 1990s Asian financial crisis.

Banker Rakesh Saxena had been fighting for 13 years to avoid being returned to Thailand to face charges he embezzled $88 million from the Bangkok Bank of Commerce, which collapsed in 1995. It was one of the longest extradition fights in Canada's history.

Canadian Department of Justice spokeswoman Lyse Cantin said Saxena has been handed over to Thai authorities and is on his way there. His lawyer said he was traveling from Vancouver to Beijing and then to Thailand, arriving in Bangkok Friday night.


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