Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on six offenders* in the case of manipulating the BM share price, requiring them to make the total payment of 8,001,949 baht (consisting of civil monetary penalties, compensations for the benefits received or would have been received, and the reimbursements of investigative expenses incurred by the SEC) and prohibiting them from trading securities or derivatives for a period of six months or 11 months each (as the case may be), and barring them from serving as directors or executives of securities issuing companies or securities companies for a period of 12 months or 22 months each (as the case may be).
In this regard, three of the six offenders agreed to comply with the civil sanctions as imposed by the CSC, while the other three (Mr. Thanaris Pornpattanajamsai, Miss Audcharapron Radchanajun, and Mr. Saksumit Samornpitakul) refused to give consent to the civil sanctions. Consequently, it is deemed that the three offenders aforementioned do not consent to settle the case with the SEC.
Therefore, the SEC has submitted the case in writing to the public prosecutor for filing lawsuits in the Civil Court against the three offenders to seek the imposition of civil sanctions, requiring them to make payments at the total amount of 7,212,741.84 baht with interest, prohibiting them from trading securities and derivatives, and barring them from serving as directors or executives of securities issuing companies or securities companies at the maximum rate applicable by law.
Concurrently, the SEC has reported these legal proceedings to the Anti-money Laundering Office (AMLO) for consideration of actions within their authority as the offenses in this case constitute predicate offenses under the Anti-Money Laundering Act B.E. 2542 (1999), as amended.
Remark:
* SEC News No. 75/2024 headlined: “SEC imposes civil sanctions on six offenders for manipulating BM prices,” released on 2 April 2024: https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=10711