Rerngchai pleads innocence over baht defence

THAILAND - An extract of the unofficial translation of an open letter from former Bank of Thailand governor Rerngchai Marakanond in reply to the bank's charge against him of gross negligence for the failed baht defence.

I insist on my innocence. I performed my duty honestly and have never been motivated by personal gain. I strictly followed the appropriate procedures and processes as specified by the Bank of Thailand's regulations. There was no illegality whatsoever. They (the foreign-exchange

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