In Thailand, Prachai Leophairatana, the founder of Thai Petrochemical Industries, has stubbornly resisted the efforts of creditors to recover their money.

FORBES: Off with their perks!

Five fortunes are down including Prachai Leophairatana (No. 39).

FORBES: Thailand's Tycoons Use Gains to Expand Globally

Last week a group of prominent businessmen, led by Prachai Leophairatana of the Thai Petroleum Industry company, met with retired general Prem Tinsulanond, a revered privy councilor to the King who was premier through most of the 1980s.

CNN: The Politics, Stupid