The central bank governor who presided over Thailand's 1997 financial crisis has been ordered by a court to pay back the 180 billion baht ($4.61 billion) plus interest of reserves he spent trying to defend the currency. The civil court of Bangkok has given Rerngchai Marakanond one month to reimburse the bank of the funds plus 7.5 percent interest, or face seizure of his personal assets. "The court finds that the defendant committed grave negligence by using the country's foreign reserves until they went into deficit," the judgment said, according to a report on news service Reuters.
