The SEC Civil Sanction Committee (CSC) had earlier passed a resolution to impose civil sanctions on all six offenders of the case, namely: (1) Mrs. Chatkaew Gajaseni, (2) Ms. Lapat-orn Gajaseni, (3) Mr. Sahadchai Gajaseni, (4) Mr. Khemmapope Gajaseni, (5) Mrs. Kotchakorn Phiboonthammasak, and (6) Mr. Tharathon Phiboonthammasak, who were collectively subject to a total fine of 51,540,993 baht (a civil penalty and a reimbursement of investigative expenses incurred by the SEC), and a bar from serving as directors or executives in securities issuing companies or securities companies for a period of 12-31 months (as the case may be)*. However, as they all refused to comply with the civil sanctions specified by the CSC, the SEC has sent a written request to the public prosecutor to file a lawsuit against those six offenders in the Civil Court for imposition of the maximum applicable statutory penalties comprising a fine of 68,456,936 baht plus interest, a suspension of trading in securities or entering into derivatives contracts, and a bar from serving as directors or executives of securities issuing companies or securities companies.

In this regard, since the offenses relating to unfair securities trading practices are also listed as a predicate offense under the Anti-Money Laundering Act B.E. 2542 (1999), the SEC has reported the case to the AMLO for consideration of further actions.

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Remark: * SEC News No. 86/2023 released on 29 May 2023 with the headline, “SEC imposes civil sanctions on six offenders for disclosing and exploiting inside information for their trading of PTG shares and assisting the commission of an offense”