Regarding the case of More Return Public Company Limited (MORE) share price and/or volume manipulation during July-November 2022, in which the SEC had continuously endeavored to bring all of the offenders into the enforcement proceedings, criminal complaints were filed with the Economic Crime Suppression Division (ECD) of the Royal Thai Police on 10 February and 27 June 2023, with 18 and 32 offenders, respectively, The DSI has accepted the case as its special case and the SEC has reported the case to the Anti-Money Laundering Office (AMLO) for consideration and work coordination. 

Mrs. Pornanong Budsaratragoon, SEC Secretary-General, said: “Since I assumed the office in October, the SEC, in collaboration with the DSI, has followed up on the MORE share price manipulation case closely. The DSI is currently in the process of establishing a working group consisting of related agencies for integrated enforcement actions, including legal actions on the offenses of share price manipulation against which the SEC had filed the complaints. In this connection, the SEC had already provided information necessary for DSI legal proceedings.”

The order establishing the working group for integrated enforcement actions will be proposed for the Prime Minister’s signature.

In response to the enquiries whether additional offenders will be brought into the enforcement proceedings or not, the SEC would like to inform that all offenders in this case were impleaded according to the evidence obtained from investigation process. 

“The SEC has taken actions according to the authority under the SEA and collaborated with relevant organizations for efficient enforcement actions. In case further clues in relation to the case are obtained, as the SEC Secretary-General, I will have such clues monitored and investigated to find out whether there is additional evidence for further legal actions,” said SEC Secretary-General. 

______________________________