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B33bn paid back by BAM into FIDF coffers last year.
Byline: Darana Chudasri
Feb. 3--Bangkok Commercial Asset Management last year repaid some 33 billion baht to the Financial Institutions Development Fund, with assets under management currently at around 150 billion.
The agency, set up to oversee assets from the defunct Bangkok Bank of Commerce, posted profits of 1.827 billion baht last year, up from 1.67 billion the previous year.
Bunyong Visatemongkolchai, the president of Bangkok Commercial Asset Management (BAM), said returns included 952 million baht recovered from Rakesh Saxena.
Mr Saxena, who has been accused of embezzling billions of baht from the BBC, fled to Canada in the ...
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