Krirk-kiat's bail request denied

Krirk-kiat Jalichandra, former president of defunct of Bangkok Bank of Commerce, has failed to win the Appeals Court's approval for his bail request.

 The Appeals Court did not grant bail, citing the former banker is subjected to over 50 years of imprisonment on multiple counts as well as huge penalties and compensations and he could flee if on bail.

 Krirk-kiat filed the bail request on Wednesday after the Criminal Court convicted him of embezzlement from the now-defunct BBC, for illegal lending to Support Systems Co Ltd.

The ruling added his imprisonment term by another 35 years and he was ordered to pay additional Bt4.96 billion in penalities plus another Bt2.475 billion in compensations to BBC.