Former Bank of Thailand governor cleared of Asian financial crisis charges

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The Bank of Thailand. Photo: Yarex Photography
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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