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March 11, 2009 / 11:23 AM

Former bank exec to serve 20 more years

BANGKOK, March 11 (UPI) -- 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.

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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.

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