files criminal complaint on the grounds of suspicious disclosure of false information and/or embezzling or siphoning, shall be deemed to have untrustworthy characteristics under Clause 3 in conjunction
Bangkok, March 11, 2015 - The SEC filed a criminal complaint with the Department of Special Investigation (DSI) against four persons for jointly falsifying documents causing Professional Waste Technology (1999) Plc. (PRO) to make incorrect and inaccurate accounting records from Q2/2006 to Q1/2009 concerning loans to other parties, investment in aluminum processing project, and the purchase of machinery for plastic waste fuel refinery project. The said persons were {A}, {B} and {C}, ex-directors...
Bangkok, March 18, 2015 ? The SEC revoked the approval of a financial advisor supervisor, namely {A} of KPMG Phoomchai Business Advisory Ltd., for willfully imparting false statement and concealing information, in materiality. In this regard, the SEC also filed a criminal complaint against {A} with Thai Royal Police for imparting false statement to the competent officer.Following the SEC investigation to gather information in a case of using inside information to purchase shares of a listed comp...
Bangkok, June 24, 2015 - The SEC filed a criminal complaint with the Department of Special Investigation (DSI) against directors and executives of G Steel PCL (GSTEL) and G J Steel PCL (GJS) for committing or permitting another to act so as to falsify the accounts of GSTEL and GLS by making false entries concerning the purchase of raw materials from overseas suppliers materially lower than the actual value to deceive any persons about financial condition and performance of the companies. The sa...
Bangkok, July 6, 2015 - The SEC filed a criminal complaint with the Economic Crime Division of the Royal Thai Police (ECD Police) against (1) Professional Portfolio International Ltd. (PPI), (2) Eric Jordan or Eric Jack Jordan as PPI director and personal capacity and (3) Gary Bradford for jointly operating securities business without license. The SEC received a complaint from a foreign investor residing in Thailand that PPI solicited the complainant to transfer overseas pension to make investme...
Bangkok, March 28, 2016 ? The SEC has filed a criminal complaint with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police) against (1) News Network Corporation PCL. (NEWS), previously named Solution Corner PCL. (SLC), (2) Polaris Capital PCL. (POLAR), previously named Wattana Capital PCL. (WAT), and (3) Siwasit Sainumphung, for collaborating their separate acquisitions of Nation Multimedia Group Public Company Limited (NMG) shares to achieve the mutual goal of business t...
Bangkok, December 24, 2015 ? The SEC has filed a criminal complaint against Nittimon Hastindra Na Ayudhya, Chairman of Nation Multimedia Group Public Company Limited (NMG), with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police) for not allowing some NMG shareholders to attend and exercise their voting rights at the annual general shareholders? meeting (AGM). Nittimon, as chairman of NMG and the AGM on April 29, 2015, did not allow some NMG shareholders to attend and...
Bangkok, February 8, 2016 ?? The SEC has filed a criminal complaint with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police) against Richard Dunston Malpass, a British nationality, on account of operating securities business without license.? Several foreign investors informed the SEC that Mr. Malpass, who resided in Thailand, had solicited them to transfer their pension funds from overseas to make investment based on his advice for the sake of tax benefits and long-ter...
Bangkok, February 10, 2016 ? The SEC has filed a criminal complaint with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police) against Global Consultant Co., Ltd. and Neil Arthur Robbirt, a British citizen, on account of jointly operating securities business without license.The SEC has been informed by foreign investors residing in Thailand that Global Consultant ? located at 235/15, Sukhumvit 31, North Klongtan Sub-district, Wattana District, Bangkok ? and Mr. Robbirt so...
Bangkok, February 16, 2015 ? The SEC filed a criminal complaint with the Department of Special Investigation (DSI) against nine alleged offenders for falsifying documents and accounts and corporate fraud, causing damages to TUCC during 2010-2011. Those alleged offenders were (1) Yongyuth Ngamkaiwan, Director and CEO of Thai Unique Coil Center Plc. (TUCC); (2) Vacharee Ngamkriwan, TUCC Director and Deputy CEO; (3) Suchit Rungcharoenchai, Ex-TUCC Director, Deputy CEO, and CFO; (4) Nitaya Yongphit...