Bangkok: Yuanta Co., Ltd. has issued a clarification regarding recent news reports about the arrest of suspects involved in a corruption network, emphasizing that these events occurred before the company's establishment.

According to Thai News Agency, Yuanta Corporation stated that the reported corruption incident took place between 2013 and 2016, prior to Yuanta Securities (Thailand) Co., Ltd.'s acquisition of KK Trade Securities Co., Ltd. The company highlighted that these events did not transpire under the current Yuanta Securities (Thailand) Co., Ltd. Following the acquisition, Yuanta conducted an internal audit, uncovering wrongdoing by former employees from that period. Since 2017, the company has been actively involved in coordinating with police, filing reports, and initiating legal proceedings, keeping relevant regulatory agencies informed. The recent arrests involve suspects who have been eluding capture for over eight years.

Yuanta Securities (Thailand) Co., Ltd., along with Yuanta Group from Taiwan, affirmed that it maintains strong governance, internal controls, and client asset custody systems, in line with regulatory standards. The company assures that the incident predates their acquisition and does not affect current business operations, financial standing, or client services. Yuanta reiterates its dedication to transparency, good corporate governance, and prioritizing client interests.

The company remains committed to cooperating with authorities to ensure thorough legal proceedings and continues to reassure clients of its professional service standards. Yuanta expressed gratitude to its customers for their trust and reaffirmed its dedication to client service excellence.