THAILAND: After 21 years, court winds up multi-million-baht swindle case

AFTER more than two decades, the 1994 Blissher holiday time-sharing case – in which 24,189 people were swindled out of Bt826.26 million – has finally concluded.

The Supreme Court yesterday dismissed appeals by two executives, for whom the court also issued arrest warrants because they failed again to show up to hear the final judgement. As a result, legal execution will be according to the Appeal Court’s ruling which initially jailed the two for 120,945 years each.

However the two convicted executives – identified as former member of the Blissher Inter Group board, Angsunee Pattananithi, and former co-founder Saengthong Sae-kim – would serve only 20 years each, if caught, because Thai law only allows a maximum punishment of 20 years jail for this type of crime.

The final verdict was read in the absence of Angsunee and Saengthong – both of who failed to show up for the previously-slated final verdict reading in October.

21 years………………………… TiT (This is Thailand)
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