Bangkok,
24 January 2024 –
The Securities and Exchange Commission (SEC) reinforces collaboration with
the Department of Special Investigation (DSI) regarding the legal proceedings against
the falsification of accounts and financial statements, and the deceitful
practices towards the public in the case of Stark Corporation Public Company
Limited (STARK). The SEC is also prepared to extend full cooperation if DSI
requires additional clarifications or further investigation in the case.
According
to recent news reports, the public prosecutor has brought charges in the
Criminal Court against seven individuals accused of falsifying accounts and
financial statements and deceiving the
public* in the STARK case. In this regard, the public prosecutor reported the accused
persons to the Court and instructed the special case inquiry official to
conduct further investigation.
On
24 January 2024, the SEC, led by Mr. Thawatchai
Pittayasophon, Deputy Secretary-General, and
Ms. Pattanaporn Tripipat, Assistant Secretary-General, had a joint meeting with
Police Major Yutthana Praedam, DSI Deputy Director General and Acting Director
General, and Police Lieutenant Colonel Jukkrit Visetketgarn, DSI Director of
the Bureau of Financial-Banking Crimes and Money Laundering, to discuss the developments
of the legal proceedings in this case.
“The SEC always places high importance on legal enforcement and follows due
process of law, including collaboration with relevant agencies. In the case of STARK,
upon learning of the news, we communicated with DSI our readiness to extend
further collaboration, by giving more clarifications to the special case inquiry official, for example, if further investigation is required.
Our collaboration aims to provide the inquiry official with information and
assistance with the investigation in order for the public prosecutor to
consider litigation in the case.”
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Remark: * Offenses regarding falsification
of accounts and financial statements and deceitful acts towards the public under
Section 312, Section 89/7 in conjunction with Paragraph 2 of Section 281/2 and
Section 306 of the Securities and Exchange Act B.E. 2535 (1992), and offenses
pursuant to the Penal Code and the Anti-Money Laundering Act B.E. 2542 (1999).