Today (December 15, 2004), the Bangkok South Criminal Court sentenced 2 former executives of listed companies, namely Mr. Nuprapat Snidvongs Na Ayudhya on the charge of corporate fraud, and Mrs
together with other three aiders or abettors, namely Budget Management and Design Co., Ltd., Montian, and Chai (or Kittiwut). Other than Section 312 of the SEA, they were charged on fraud, embezzlement and
inventories in the company?s account. Her act is deemed a contravention of Section 312 of the SEA. Also implicated in this fraud are Apple Group Ltd., QR Auto Ltd. and Krit Eakmongkolkarn (the authorized
Currently, asset management companies have roles in reporting their portfolio outward foreign and derivatives of mutual funds and provident funds to both SEC and BOT on a monthly basis. In order to reduce the asset management companies’ reporting burdens, SEC held a discussion with BOT and reached a joint decision that BOT would use information in the report that mutual fund and provident fund operators file with SEC, instead of using BOT’s portfolio and derivative investment aboard (PI...
and a further fine not exceeding 10,000 baht for every day during which the contravention continues. Glow?s behavior was also be deemed as public fraud, if convicted, shall be liable under Section 343
Bangkok, November 5, 2009 ? The Criminal Court today ordered a second extension of asset freeze on the 12 alleged offenders in the fraud and embezzlement case involving Picnic Corporation Plc
Bangkok, August 8, 2012 ? The Criminal Court found Wichai Chaisathaporn, former chairman and president of Nippon Pack (Thailand) PLC (NIPPON), guilty of misappropriation of company assets, document falsification and false accounting record in violation of Sections 281/2, 307, 308, 311, 312, and 313 of the Securities Exchange Act B.E. 2535 (1992) (SEA). Wichai was sentenced to serve 20-year imprisonment and pay a fine of 2,540,000 baht. The jail term, however, was suspended for three years.This f...
Bangkok, December 17, 2015 - The SEC has filed a criminal complaint against {A}, former managing director of Ramkhamhaeng Hospital Public Company Limited (RAM), with the Department of Special Investigation (DSI) for (1) failing to perform duties responsibly, carefully and honestly, (2) seeking unlawful gain for himself or other persons causing damage to the company, and (3) committing or permitting wrongful acts against RAM documents.The SEC found that {A}, then RAM managing director responsible...