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Bank of Thailand awaiting KTB probe of Energy Earth loans

Bank of Thailand awaiting KTB probe of Energy Earth loans

The Bank of Thailand is waiting for a complete report from Krungthai Bank (KTB) on the investigation into loans extended to Energy Earth, including serious allegations against CIMB Thai (CIMBT) chief executive Kittiphun Anutarasoti, before deciding on whether he is eligible to be a bank executive.

KTB has consistently reported on findings regarding its accusation against Mr Kittiphun to the central bank, but the process is not finished, said Ronadol Numnonda, deputy governor of financial institutions stability at the central bank.

KTB’s probe accused Mr Kittiphun of misconduct and fraud for his own and others’ benefit, resulting in huge damage to KTB from loans extended to Energy Earth when he was a high-ranking executive at the bank overseeing the corporate banking segment.