Bangkok, The SEC accuses three former STARK executives against DSI for selling STARK shares based on inside information and AMLO reports. The Securities and Exchange Commission (SEC) received information from the Stock Exchange of Thailand and examined it further. It was found that there were 3 people committing wrongdoing: Mr. Chanin (he was the chairman of STARK at the time of the incident), Mr. Sattha (he was a director at the time of the incident). Chief Financial Officer and company secretary of STARK) and Ms. Yasoborn They jointly used inside information that had a negative impact on STARK's stock price by selling STARK shares in Ms. Yasabon's securities trading account. In February 2023, before STARK disclosed the fact to the Stock Exchange, it was discovered that the money from stock trading in Ms. Yasabon's securities trading account was related to Mr. Chanin and Mr. Sattha. For inside information that the three people above have jointly committed wrongdoing. It is information about the auditor's observation of circumstances that should cause suspicion of manipulation of the financial statements. This led to STARK being unable to submit the 2022 financial statements on time. Such information has a material negative effect on the price or value of STARK's securities and is internal information that the general public cannot predict. The actions of Mr. Chanin, Mr. Sattha and Ms. Yasoborn It is considered an offense according to Section 242, which has penalties according to Section 296 and Section 296/2 of the Securities and Exchange Act B.E. 2535 (Securities Act) together with Section 83 of the Criminal Code, SEC. . Therefore, the three persons have been charged with DSI to consider taking further legal action. At the same time, the SEC has also notified the legal action according to Securities Act above to AMLO, which is a fundamental offense under the Anti-Money Laundering Act B.E. 2542 and its amendments. Incidentally, the SEC's accusation is only the beginning of the criminal law enforcement process. Under this process Determining whether a person has broken the law is a step within the investigative authority of the investigating officer. Prosecution of the prosecutor's case as well as the discretion of the Court of Justice, respectively. The SEC will continue to follow the progress of the litigation. and will cooperate fully with relevant agencies To support law enforcement according to the Securities Act in the process after the SEC has made accusations. In addition, the SEC is in the process of further expanding its investigation. Many of which have made considerable progress. If there is a clear result of the inspection, it will be communicated to you further.
Source: Thai News Agency