AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Bangkok Bank Says They Kept Authorities Abreast of Transfers.
Sep. 5--Bangkok Bank first reported potentially illegal fund transfers related to a massive money-laundering scheme to central bank regulators more than one year ago, according to bank chairman Chatri Sophonpanich.
He said the bank executive who had overseen the transactions had already resigned from the bank more than one year ago.
"As far as we know, the name of this employee is written down in the fund transfer documents but, so far, there is no clear evidence whether this person had committed any illegal activities," Mr Chatri said.
He said the bank was ready to co-operate fully with police investigators in the case.
On Friday, the police arrested Sirinra Mahamad, an employee of UOB Radanasin Bank, in connection with what is believed to be a money-laundering operation related to illegal oil smuggling.
The Bank of Thailand said that from 1998 to 2000, about 7.5 billion baht in funds were transferred out of the country through three companies using fake credit documentation.
Most of the transactions were made by Ratanakosin International, Thanasap Thavee and Eastern Petropower, through Bangkok Bank.
- Treasury losses hurt UOB Radanasin's profit.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 21, 2005 700+ words
Oct. 21--UOB Radanasin Bank announced third-quarter profits of 30.7 million baht, sharply down by 63.45 percent from profits of 84 million the...
- Profits rise 33 percent for Bangkok Bank; results mixed for other Thai banks.
- Newspaper article from: Knight Ridder/Tribune Business News October 22, 2004 700+ words
...Tribune Business News Oct. 22--Bangkok Bank reported third-quarter profits...payment will be closed on Nov 5. Bangkok Bank attributed the improvement to...banks reporting results include UOB Radanasin, with third-quarter earnings...
- Ratchaburi plans bond issue to refinance debt.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) May 12, 2005 700+ words
...take effect in July. The main creditors include Krung Thai Bank, Siam Commercial Bank, Bangkok Bank, Thai Military Bank, Bank Thai, UOB Radanasin and ABN Amro. If the refinancing effort succeeds as planned, it could help reduce Ratchaburi...
- Thai Electricity Firm May Drob Debentures.
- Newspaper article from: Knight Ridder/Tribune Business News April 20, 2002 700+ words
...percent, he said. Ratchaburi's main creditors are Krung Thai Bank, Siam Commercial Bank, Bangkok Bank, Thai Military Bank, Bank Thai, UOB Radanasin, and ABN Amro. Mr Boonchoo said the company could save up to 100 million baht a year if...
- Thai Bankers' Group to Auction 800 Properties in Attempt to Recoup Bad Debt.
- Newspaper article from: Knight Ridder/Tribune Business News November 8, 2002 700+ words
...sold to recoup bad debts. Financial institutions including BankThai, Bangkok Bank, Siam Commercial Bank, Thai Farmers Bank, Bank of Asia, Thai Danu Bank, UOB Radanasin Bank, National Finance, Kiatnakin Finance, Global Thai Property Fund...
- Thai Stocks in Pre-Holiday Holding Pattern; Analysts Say.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) March 28, 2002 700+ words
...banking and finance sectors. Bank of Ayudhya, Bank of Asia and UOB Radanasin recently announced plans to raise capital, with many investors expecting Thai Military, Bangkok Bank and Thai Farmers Bank to follow suit. Mrs Ratchanok said capital...
- Thai Banks Work to Offload Seized Property, Non-Performing Assets Still Rise.
- Newspaper article from: Knight Ridder/Tribune Business News June 27, 2002 700+ words
...February this year. Bangkok Bank held the largest amount...vice-president of Bangkok Bank, said the flow of...commercial banks are Bangkok Bank, Siam Commercial Bank...Siam City Bank, UOB Radanasin, Krung Thai Bank and...
- Thailand Prime Minister Encourages More Consolidation among Banks.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) September 16, 2003 700+ words
...The largest banks, including Bangkok Bank, Kasikornbank, Krung Thai Bank...Bangkok Metropolitan Bank and the Bangkok Bank of Commerce. Several other banks...Standard Chartered Nakornthon and UOB Radanasin, are now majority-owned by...