Former Bank of Thailand governor cleared of Asian financial crisis charges

Rerngchai cleared of wrongdoing related to baht defence

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The Bank of Thailand. Photo: Yarex Photography
Photo: yarexphotography.com

Rerngchai Marakanond has been cleared of charges related to actions he took during the Asian financial crisis as governor of the Bank of Thailand.

Thailand's Supreme Court on October 5 upheld the ruling of a lower court, deeming Rerngchai not to have acted improperly, according to the Bangkok Post. The Supreme Court did not immediately respond to a request for comment.

The case was brought in 2001 after Rerngchai – among other policy-makers – decided to use the central bank's reserves to defend

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