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Court Drops Civil Lawsuit against Thailand's Former Central Bank Governor.
Byline: Parista Yuthamanop
Nov. 6--The Administrative Court yesterday ruled in favour of a petition by Rerngchai Marakanond to scrap a civil suit holding the former central bank governor responsible for damages of 186 billion baht arising from losses incurred by the defence of the baht against speculators in 1997.
Mr Rerngchai had filed suit against the Exchange Equalisation Fund (EEF), the fund manager and M.R. Pridiyathorn Devakula, the current governor of the Bank of Thailand.
In the suit, Mr Rerngchai asked the court to set aside an EEF order on Nov 31, 2001 calling on the central bank to press for civil claims for damages arising from the ...
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