The Supreme Court on Tuesday upheld the lower courts’ 20-year jail sentence on Sondhi Limthongkul, founder of the Manager Media Group, and two former Manager directors 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.

Full story: Bangkok Post