A Thai court on Monday denied Swiss extortionist Xavier Andre Justo's bail request, a media report said.
The Southern Bangkok Criminal Court on August 17 sentenced Justo, 49, to three years in prison for attempted blackmail of his former employer PetroSaudi International (PSI). He was arrested earlier on June 22, The Bangkok Post reported.
On October 14, Justo's lawyer asked the appellate court to change the sentence to a suspended prison term. On Monday, his lawyer sought bail for his client pending the outcome of his appeal.
The court denied the request. It said Justo's prison term had already been reduced by half, on his confession and, if released, he might jump bail.
Justo had previously claimed he was offered $2 million to share confidential data from PetroSaudi with an unidentified Malaysian group, but he was never paid.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app