Bangkok, July 6 – The SEC has issued an order to freeze the assets of 10 offenders in the case of STARK and temporarily prohibit them from leaving the Kingdom.
The SEC, with the approval of the SEC Board, issued an order to freeze assets of the alleged offender in the case of Stark Corporation Public Company Limited ( STARK), a total of 10 cases, and the offender is temporarily prohibited from leaving the Kingdom for 15 days.
As the Securities and Exchange Commission (SEC) has accused 10 individuals as the first set to the Department of Special Investigation (DSI) to prosecute in the case of financial statement manipulation. Disclose false statements in the registration statement for the offer for sale of debt securities. and acted with dishonesty and deceit and through such deceit gained property from the deceived people. Which is considered an offense under the Securities and Exchange Act B.E. 2535
The SEC, with the approval of the SEC Board, by virtue of Section 267 of the Securities and Exchange Act, issued an order to seize the assets of the first batch of 10 offenders. for 180 days due to the occurrence of misconduct that causes damage to the interests of the public in a wide area It appears that the damage value from STARK's liabilities is more than 38,000 million baht and there are reasonable circumstances to believe that the offender will move or sell the property.
In addition, the SEC has banned 5 executives from leaving the Kingdom temporarily for 15 days due to a suspected emergency that such persons will flee the Kingdom. after this The SEC will request the Criminal Court to issue an injunction prohibiting such person from leaving the Kingdom. .-Thai News Agency
Source: Thai News Agency