According to a referral from the Stock Exchange of Thailand (SET) in 2021 and the SEC’s further investigation, evidence indicates that the 11 persons, namely: (1) Mr. Apimuk Bamrungwong, (2) Mr. Passakorn Sillamat, (3) Miss Phatchanok Thanarutairoj, (4) Miss Chayada Sukkasi, (5) Mrs. Supa Wonganu, (6) Mr. Teerayuth Reanchaiyuth, (7) Mr. Seeharach, Lohachaitranont, (8) Mr. Supachai Visedpaitoon, (9) Miss Chatanun Tanasinwiwat, (10) Mrs. Panitanan Termkunanon, and (11) Mr. Nitis Sillamat, with personal relationships and securities trading activities within the group, colluded to manipulate the price and/or trading volumes of COMAN stocks during 24 May – 18 June 2021. Their activities included driving the COMAN stock price upward and matching large-volume trading orders within the group, consequently misleading the public regarding the price or trading volumes of COMAN stocks and demonstrating the intention to make the price or trading volumes of the stock deviate from normal market conditions. Such activities were in violation of Section 244/3 (1) and (2), the presumption under Section 244/5 and Section 244/6 of the Securities and Exchange Act B.E. 2535 (1992) (SEA), in conjunction with Section 83 of the Criminal Code, as the case may be, and subject to the penalties under Section 296, Section 296/1 and Section 296/2 of the SEA.

The SEC has therefore filed the criminal complaint against the 11 individuals with the ECD
for consideration of further legal action. Concurrently, the SEC has also reported these legal proceedings above to the AMLO for consideration of further action because such offenses are unfair activities related to securities trading, which constitute a predicate offense under the Law on Anti-Money Laundering.    

Following the criminal complaint filed by the SEC, the criminal enforcement process will proceed with an investigation by the inquiry official, a prosecution of the public prosecutor, and an adjudication of the court of justice, respectively. In this regard, the SEC will monitor progresses in the legal proceedings and will cooperate fully with relevant agencies to support legal enforcement under the SEA after the criminal complaint has been filed.