Earlier, Zipmex announced the suspension of its services for digital asset trading, money deposits and withdrawals in Thai baht, and deposits and withdrawals of digital assets, due to problems with the ZipUp+ program, while the SEC was collecting and examining facts related to the business operation of Zipmex. Following the collection and examination of the facts aforementioned, the Competent Officer, who executed his or her duty in accordance with Section 51 of the Emergency Decree, ordered Z...
The SEC is also working with the DSI in accordance with the bilateral Memorandum of Understanding for Cooperation to investigate EARTH’s suspicious acquisition of the legal rights over coal mines in Indonesia. The legal action in the case of EARTH has already been notified to the Anti-money Laundering Organization (AMLO). The criminal complaint has been filed against EARTH and its three directors, namely (1) Mr. Sawin Chindakul, (2) Ms. Paradee Teawanitchakul, and (3) Mr. Noppadon Chaidarun in...
According to given tips and the SEC’s further investigation, it was found that MRC - BIZ led by Tanit had offered for sale and given trading service of digital tokens through public solicitation for investment in such product via online social media channels such as Facebook, YouTube and MRC - BIZ website. Earlier, in this regard, the SEC notified the company to end such conduct that may be liable to offering for sale and giving trading service of digital tokens without license; however, t...
The Office of Securities and Exchange Commission (SEC) has been notified by the Stock Exchange of Thailand about the artificial appearance of ACD shares during the end of year 2014 causing by the trading activities of one group of individuals. According to the SEC’s further investigation, there was sufficient evidence showing that on 7 and 17 November 2014 Thanadej, Naruedee, Nitis and Winyoo had agreed or conspired on creating the false appearance of the price and volume of ACD shares by...
Bangkok, 31 October 2017 ? The SEC has filed criminal complaints against former directors and executives of The International Engineering Public Company Limited (IEC) and their associates, totaling 25 persons, with the Department of Special Investigation (DSI) for jointly committing fraudulent acts, misappropriating the company's assets and seeking unlawful gains, which has caused damage to IEC. Their misconduct also included arranging or allowing fabrication of accounting records inconsistent w...
Bangkok, 26 February 2018 ? The SEC has filed a criminal complaint against Mr. Wichai Thavornwattanayong, former chairman of Inter Far East Energy Corporation Public Company Limited (IFEC), with the Economic Crime Suppression Division (ECSD) on the ground of performing duties dishonestly when he failed to disclose IFEC default on its bills of exchange. In addition, the SEC has instructed IFEC directors and the persons whom IFEC identified as director via the Stock Exchange of Thailand (SET) to s...
Bangkok, 5 January 2018 ? The SEC has filed a criminal complaint against four former and current executives of K.C. Property Public Company Limited (KC) and three associates with the Department of Special Investigation (DSI) for jointly committing dishonest acts to misappropriate the money received from the sale of KC short-term bills of exchange (B/E) for their own interest or other persons?. The case also involves seeking unlawful gains and consenting to the omission of the B/E transaction rec...
The allegation is a consequence of various complaints lodged in relation to the increased debt of THB 26,000 million following EARTH’s submission of the financial statement for the first quarter of 2017. The increased debt resulted in a decrease of shareholders’ equity of THB 10,349 million, to become minus THB 15,651 million. In addition, in July 2017 the Board of Directors had resolved to approve that EARTH underwent a business rehabilitation process. The SEC, then, had a question r...
Bangkok, 31 March 2023 – The Securities and Exchange Commission (SEC) has filed a criminal complaint against 1000X Limited (1000X) and Mr. Worawat Narknawdee with the Economic Crime Suppression Division of the Royal Thai Police (ECD) for jointly operating the digital asset dealer business without license in violation of Section 26 and subject to the penalties under Section 66 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), in conjunction with Section 83 of the Penal C...
Bangkok, September 11, 2012 ? The SEC filed a criminal complaint with the Economic Crime Division of the Royal Thai Police (ECD Police) against GISP Ltd. (GISP), Mr. Supawit Sootisong, and Navista Global Markets Ltd. (Navista) for operating derivatives business without license. Following the reports on their suspicious unlicensed derivatives activities, the SEC conducted raids on GISP?s office located at 240/31 Ratchadapisek Rd., Huaykwang, Bangkok as well as Navista?s site. The evidence indica...