stark corporation
- Thailand News
Former Justice Minister leads probe into Stark share scandal
Former Justice Minister Pongthep Thepkanjana has been appointed as the new head of the government’s working group investigating the multi-billion-baht Stark share scandal. Pongthep replaces Pichai Nilthongkham, who resigned, according to the Ministry of Justice. Pongthep’s appointment is accompanied by the inclusion of the Secretary-General of the Security and Exchange Commission (SEC), the President of the Thailand Federation of Accounting…
- Thailand News
DSI slaps Stark CEO with a torrent of charges
In a dramatic twist to one of Thailand’s largest corporate frauds, the Department of Special Investigation (DSI) charged Chanin Yensudchai, former CEO of Stark Corporation, with a slew of serious offences including money laundering and document forgery. Acting DSI Director Yutthana Praedam confirmed the charges also encompass negligence, fraud, embezzlement, and violations of the Securities and Exchange Act of 1992. Despite…
- Thailand News
DSI freezes 220 million baht in Stark Corp leader Chanin’s scandal
The Department of Special Investigation (DSI) has placed a freeze on a staggering 220 million baht held in the bank account of Chanin Yensudchai, the erstwhile chairman of the beleaguered Stark Corp. According to DSI spokeswoman Pichaya Tarakornsanti, the action is part of a broader measure to offer compensation to victims in light of the ongoing scandal. “The DSI has…
- Business News
Thai SEC urged to tackle Stark’s negative shareholder equity, boost investor trust
Finance Minister Arkhom Termpittayapaisith urged the Securities and Exchange Commission (SEC) to address Stark Corporation’s negative shareholder equity issue to safeguard investors’ interests and bolster confidence in the market. Arkhom held discussions with the SEC’s secretary-general about the stock issue and encouraged the regulator to utilise available tools to boost investor trust in the market. He said… “It is crucial…
