Bangkok, July 6 - The SEC has filed a complaint against 10 individuals against DSI for manipulating STARK's financial statements and disclosing false statements in the registration statement for the offering of securities. and acted with dishonesty and deceit
The SEC accuses Stark Corporation Public Company Limited (STARK), 10 directors, former directors and former executives of STARK with the Department of Special Investigation (DSI) for joint actions. Or consent to make false statements in the accounts of STARK and its subsidiaries during the year 2021 - 2022 in order to deceive any person and disclose financial statements in the registration statement and draft prospectus to believe that have a statement decoration Including concealing the truth in the factsheet information offering STARK debentures, which is an act of fraud and deceit. and thus obtaining property from deceived people Simultaneously forwarded the matter to the Anti-Money Laundering Office (AMLO).
The Securities and Exchange Commission (SEC) accuses the following persons: (1) STARK Company (2) Mr. Chanin Yensudchai (3) Mr. Vonnarat Tangkaravakoon (4) Mr. Chin Wat Assavapokee (5) Mr. Sattha Chantrasettalert (6) Mr. Kittisak Jit Prasert-ngam (7) Phelps Dodge International (Thailand) Co., Ltd. (PDITL) (8) Thai Cable International Co., Ltd. (TCI) (9) Adisorn Songkhla Co., Ltd. and (10) ) Asia Pacific Drilling Engineering Co., Ltd.
According to the fact that it can be considered that The aforementioned persons have jointly acted or consented to posting false statements. incorrect account not current or inconsistent with reality in the accounts or documents of STARK and its subsidiaries in the year 2021 – 2022 in order to deceive any person, and STARK has also disclosed in the registration statement and draft prospectus. By revealing the financial statements that are believed to have been decorated with such financial statements. Including concealing the true statement in the information in the factsheet, which is part of the registration statement for the offering of STARK debentures, that it has invested in LEONI Kabel GmbH and LEONIsche Holding Inc, although not yet
However, it appears that after STARK received debentures and capital increase. It was discovered that the transfer of money out of STARK and its subsidiaries to other companies or persons involved in the financial statement decoration.
The actions of the above 10 persons are liable to offenses under Section 312 and Section 281/2 paragraph 2 in conjunction with Section 89/7 and Section 89/7 in conjunction with Section 89/24, Section 278, Section 281/10 in conjunction with Section 300 and Section 306. and Section 315 of the Securities and Exchange Act B.E. 2535 (as the case may be). Notify the prosecution under the Securities Act above to the Anti-Money Laundering Office (AMLO), which is a predicate offense under the Anti-Money Laundering Act B.E. 2542 and its amendments.
In addition to this accusation, the SEC is still in the process of expanding the investigation to other cases where there is suspicion of fraud. by coordinating with DSI, which, if completed Will be disclosed later.
In investigating this matter, the SEC has coordinated with relevant agencies such as AMLO, DSI, and the Stock Exchange of Thailand, etc., which have received good support.
However, the SEC's accusation is just the beginning of the criminal law enforcement process. under this process Determination of whether a person is an offender is a step within the investigation power of the investigating officer. prosecutor's prosecution order as well as the discretion of the Court of Justice respectively.-Thai News Agency
Source: Thai News Agency