Sondhi Limthongkul (Source: AP)
Bangkok (VNA) – The Supreme Court of Thailand on September 6 upheld the 20-year imprisonment sentence on Sondhi Limthongkul, founder of the Manager Media Group, and two former directors of the group for violations of the Securities and Exchange Act.

They were convicted of falsifying documents used as collateral for a 1.08-billion-baht loan from Krung Thai Bank, and failing to seek approval for the loan from the company board in 1996-1997.

Sondhi, also founder of the yellow-shirt People Alliance for Democracy, and the two former directors were sentenced in 2012 by the Criminal Court. However, they appealed.

They again appealed in 2014 when the Appeals Court upheld the Criminal Court's 20-year jail sentence on them.-VNA