Bangkok, 5 September 2017 ? The SEC has filed a criminal complaint against Mr. Wichai Thavornwattanayong, Chairman of the Board of Directors of Inter Far East Energy Corporation Public Company Limited (IFEC), with the Economic Crime Suppression Division of the Royal Thai Police (ECD) for committing dishonest acts to gain unfair advantage for himself or other persons. During the month of December 2016, the number of IFEC directors was insufficient to form a quorum as required by law. Wichai, in...
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, August 17, 2015 ? The SEC filed a criminal complaint against Parin Pruksawan for committing front running in the Thailand Futures Exchange (TFEX) with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police). The SEC found that during December 17, 2013 ? January 9, 2014, Parin, then a trader of DBS Vickers Securities (Thailand) Co., Ltd., had front run his clients? futures trading orders through an account linked to him at another broker for his personal gain. This...
Bangkok, March 13, 2015 ? The SEC filed a criminal complaint with the Department of Special Investigation (DSI) against Yongyuth Ngamkaiwan and Vorapin Ngamkaiwan for using inside information to sell Thai Unique Coil Center Plc. (TUCC) shares. The filing of criminal complaint resulted from their failure to pay the fines imposed by the Settlement Committee, causing the criminal case to be unsettled.In this case, the SEC?s probe found that Yongyuth and Vorapin had sold TUCC shares in such a way th...
Bangkok, 21 September 2016 ? The SEC has filed a criminal complaint with the Department of Special Investigation (DSI) against Mr. Khumsup Lochaya for insider trading of Superblock Public Company Limited (SUPER) shares.Following a referral from the Stock Exchange of Thailand (SET), the SEC?s further inspection has revealed that Khumsup took advantage of the material information, which had not been disclosed to the public, that SUPER would sell off its assets of all kinds in its core autoclaved a...
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, November 19, 2015 ? The SEC has filed a criminal complaint against (1) Saiphet Thongngao, (2) Sureerat Ardpaksa, and (3) Woraphol Muenbowon for jointly operating derivatives business without license with the Economic Crime Suppression Division of the Royal Thai Police (ECD Police) for further legal proceedings. With reference to clues and the SEC?s findings, the three aforesaid individuals, without derivatives fund management license, had jointly managed funds for others for profits fro...
Bangkok, 17 November 2016 ? The SEC has filed a criminal complaint against Mr. Chupong Tanasettakorn, former deputy managing director of Country Group Holdings Public Company Limited (CGH), and two aiders namely Mr. Chanchai Piulueangsawat and Mrs. Onpimon Piulueangsawat, with the Department of Special Investigation (DSI) for committing dishonest acts.The SEC?s findings from the examination of the initial public offerings (IPO) of Takuni Group Public Company Limited (TAKUNI) and CCN-Tech Public...