Fugitive Thai banker Rakesh Saxena, his former lawyer facing suit over shares

- The B.C. Supreme Court has cleared the way for a lawsuit launched by three Americans against fugitive Thai banker Rakesh Saxena, his former lawyer Russ Chamberlain and Vancouver investment dealer Alexandra Triffo. In a ruling issued this week, Justice Bruce Cohen dismissed a demand by Chamberlain that the suit be stayed until the three Wisconsin residents post a $20,000 security bond to cover his costs. Larry Kau, Anthony D'Acquisto and William Miller are suing Saxena, Chamberlain and Triffo to recover more than US$100,000 paid for stock in a mining company. Read more

[Madbob]

It would be nice to see his accomplices also being caught namely Brian Hall and Keith Margetson
for stealing money from UK investors who have already sent cases to RCMP person Bud Bishop who refuses to open theft and fraud cases totalling more than 200 against this rubbish

[the mover and shaker]

i worked for saxena for a period of 5 years and i know for a fact that i personally raised over $12 million us dollars in capital for various shelf companies that never made a cent it's all bollocks and all this capital has gone to personal gain

[outsider]

The mover and shaker you are right.

[Calvin Neudorf]

Greed and Fear.....the fundamental drivers of any deal. Those who put money in for greed's sake shoudn't cry when things don't turn out as expected. They usually launch law suits as a cover for their own stupidity.

Keep well.

[Newsworthy]

Quote Platform Inc registered to Rakesh Saxena at the address below.

The Quote Platform website is registered at 44 Pandora Road West Hampstead London NW6 1TR. That property is registerd to the person named below.

The house is registered in the name of Title absolute
1 (27.11.2001) PROPRIETOR: DEEPAK SARUP of 44 Pandora Road, West
Hampstead, London NW6 1TR.
2 (27.11.2001) The price stated to have been paid on 20 October 2001 was
£400,000. It was bought for cash and has no charges against it.

Amrit Sarup is Rakesh Saxena's Mother. He uses her bank account in Barclays Bank UK and in another in Vancouver to process all of his cash dealings on the Pink Sheets etc.

The Thai authorities are trying to sequester his assets world-wide but as yet have not moved against those being held in the names of his mother or close family associates, the proving of the connection is the key.

Until they take these other assets and freeze the bank accounts it will be business as usual for Rakesh Saxena.

REGISTER EXTRACT
Title Number : LN151467
Address of Property : 44 Pandora Road,(NW6 1TR)
Price Stated :£400,000
Registered Owner(s): DEEPAK SARUP of 44 Pandora Road, West Hampstead,
London NW6 1TR.
Lender(s): None
1

[Newsworthy]

Deepak Sarup is Rakesh Saxena's half brother. Mr Sarup is employed by the Royal Siam Bank, Saxena uses bank accounts in his mother's name to process cash from the UK and elsewhere. She has accounts in Barclays London and in Canada too.
It looks likely that Saxena is going to be sent back to face the music finally, but who knows, and more to the point do the authorities really care anymore?

[iamanoymous]

If anyone wants their money from Saxena you can find him in Richmond british Columbia or Vancouver. he has bonds sitting at his Lawyers office right now. There are $10000000.00 worth. I would love to see him broke.

[gogethim]

he has his money in more than just his mothers name, if you were to look around you'd find that name. He lives in Aldergove b.c.Saxena uses anyone to be his mule so he can carry on his scams.

[Newsworthy]

care to offer up the name of the resident in Aldergove?

How reliable is the information about the bonds?

I heard Saxena is a spent force, he has been reduced to spouting off on various websites on his vast financial know-how to a readership of about five! His days of penny stock scams appear to have dried up thanks to the recession, you say you'd love to see him broke, quite a few he has scammed I expect would agree with you. The best chance of seeing that happen is free flow of information, if you have something post it up and see what happens.

[Sax for the memory]

Saxena now debilitated by having a stroke that has left him without the use of his legs or his left arm has lost his most important legal case. Now he has only one last gasp before being sent back to Thailand.

The Thai authorities confiscated 58 million dollars US from his Swiss companies in June and that has got to have hurt Saxena.

He is now being paid out for all the harm he has done to so many people he has ruthlessly scammed in the past years under house arrest in Canada.

[Proximo]

I wish Rakesh all the best. He is an honest trustworthy and brilliant businessman who is being savagely attacked be a corrupt government seeking to extort his honestly earned wealth. Here's hoping Rakesh lives his remaining days in the peace and comfort he has earned and deserves.

[Retribution]

The sooner he gets deported to Thailand the better. I hope he rots in a Thai jail with his balls attached to car jump leads. He has ruined the lives of many hundreds of people whom he considered to be gullible fools. It's only a shame Canada has sheltered him for so long allowing him to conduct his illegal businesses from there.

[John]

This man needs to rot in hell. He said only a fool parts with his money and he has met a lot of fools.

Canada is a haven for criminals

[starchy]

now that rakesh is in thailand any one out there got any news on his right hand man neil Oosterlaak at phoenix capital partners

[Chook]

starchy wrote:

now that rakesh is in thailand any one out there got any news on his right hand man neil Oosterlaak at phoenix capital partners

Neil Oosterlaak was never Rakesh's right hand man, I'm afraid you're been misinformed.