Rerngchai fights negligence charge

THAILAND - Former governor of the Bank of Thailand Rerngchai Marakanond yesterday submitted his defence to the Civil Court on charges that he was "severely negligent" in his duties relating to the defence of the baht, causing Bt186 billion in damage to the state.

Rerngchai has maintained he was not responsible for the financial losses, citing the bank's lack of transparency for singling him out as the sole individual responsible for the failed defence of the currency.

Deputy director-general Pa

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