The alleged fraudulent deals happened when Viroj Nualkhair, one of the key defendants, was the managing director of KTB.
The deals allegedly involved a scam to bypass the credit rating to allow the bank to arrange loans to proxy companies in order to channel funds to Krisda Mahanakorn. The transactions were subsequently classified as non-performing loans.
The list of defendants can be divided into three groups: Thaksin, as office holder exerting influence over the loans; Viroj and the bank's board of directors; and three companies including Krisda Mahanakorn.