to the extradition of Mr. Saxena to Thailand. Since Mr. Saxena's extradition to Thailand, no additional securities frauds are known to have been perpetrated by Mr. Saxena. Recent developments In August 2006, the Thai government set up a new team to seize the rest of Saxena's assets overseas, targeting those in Canada. Then Minister Chidchai Wannasathit ordered the Anti-Money Laundering Office and the Royal Thai Police to help the Attorney-General in this task. Canadian Appeals court denied his request for bail. [Bail was granted later]. Rakesh Saxena was also a defendant in number of Civil Lawsuits in United States, including in the United States District Court for the District of Nevada; he won those cases or those cases simply faded away. Extradition to Thailand On 31 October 2009, when the Supreme Court of Canada denied the final Appeal of Mr. Saxena, he was immediately handed over to Thai authorities who flew him to Thailand, where Saxena was on trial on fraud charges. Charges against Saxena In India, Saxena has been accused of culpable homicide, extortion, uttering death threats and cheating in the death of biscuit tycoon Rajan Pillai. Those allegations were laid after the tycoon's widow accused Saxena and three others of conspiring to kill her husband. Pillai was introduced to Saxena by some prominent Indian power brokers, including Chandraswani. The tycoon's widow, former model Nina Pillai, was considered very close to Saxena by people who saw her often at Saxena's Bangkok residence. Former bank officials in Thailand have claimed that Nina Pillai continued to be financed by Saxena after her husband's death. The Government of Thailand accuse Saxena embezzling $88 million from the Bangkok Bank of Commerce (BBC) and sought his extradition from Canada. The bank had separately filed civil proceedings against Saxena. He has filed a counter-suit. The collapse of the BBC was one of the first dominoes in a financial crisis that spread across Asia, shaking the world economy in 1997. While some blame Saxena for sparking the inferno – The Wall Street Journal described him as the "Mrs. Leary's cow of the global financial crisis" – he is not facing court action on that score. He is also linked to some of the major hedge fund problems of the late 1990s, particularly problems linked to third world bonds and leveraged currency and interest rate derivatives on such bonds and to problems now associated with Russian and