The Securities and Exchange Commission (SEC) has filed a criminal complaint against the following persons, i.e. (1) STARK, (2) Mr. Chanin Yensudchai, (3) Mr. Vonnarat Tangkaravakoon, (4) {A}, (5) Mr. Sathar Chantrasettalead, (6) Mr. Kittisak Jitprasertngam, (7) Phelps Dodge International (Thailand) Limited (PDITL), (8) Thai Cable International Company Limited (TCL), (9) Adisorn Songkhla Company Limited, and (10) Asia Pacific Drilling Engineering Company Limited. It was revealed from the...
The criminal complaint was imposed on two former GGC director and executive, namely (1) Mr.Jirawat Nooritanon, Managing Director at the time of the offense (during 2014 – 2018), and (2) Mr.Wanlop Thianthong, Vice President, Marketing, Commercial and Supply at the time of the offense, on account of failing to perform duties with responsibility, due care and loyalty as director or executive of subsidiary and listed company, which was deemed dishonest act causing damage to GGC. They committe...
The criminal complaint has been made in furtherance of the criminal complaint by the SEC against the former directors and executives of K.C. Property Public Company Limited (KC) and others for jointly committing with dishonest intent by authorizing KC to issue bills of exchange (B/E) for sale to a mutual fund of Solaris Asset Management Co., Ltd. which caused the misappropriation of an amount of 430 million baht. As a consequence, KC was in default on the payment of 350 million baht on tho...
under the SEA after the criminal complaint has been filed. Notes:* SEC News No. 116/2023 dated 6 July 2023 “SEC files a criminal complaint against 10 offenders with the DSI for falsifying STARK financial
The SEC found that, during the period commencing on 20 September 2021, Exmix, as the operator of the websites https://www.exmix.co and https://wallet.exmix.io/, provided services or held itself out to the public as available to provide services with respect to the trading or exchange of digital assets for Exmix’s own account in the normal course of business outside the digital asset exchange. In addition, Exmix solicited and promoted the use of its services through the aforementioned websites vi...
Following the announcement of BX (which formerly operated in digital asset exchange business) that its business operations will completely shut down on 3 April 2020 which means it will stop servicing clients who want to reclaim their assets and will lay off all employees,SEC found out that clients’ digital assets which remained under control or in possession of BX were transferred thereafter to other out-of-control wallets without client’ instructions. That actions incurred losses to other...
The allegation is a consequence of various complaints lodged to the SEC in relation to the increased debt of THB 26,000 million of EARTH following its submission of the financial statement for the first quarter of 2017. The increased debt resulted in a decrease of the 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, the...
Rules, Conditions and Procedures for Operational Control in Underwriting of Securities (No. 2)
แบบรายงานมูลค่าความเสียหายที่เกิดจาก operational risk
business operations and mitigate undesirable impacts especially the operational risks. The proposed revisions include rectification of non-compliance with capital requirement and imposition of operational