Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on 12 offenders* for manipulating the share price of Scan Inter Public Company Limited (SCN), requiring them to pay the total amount of 28,223,311 baht (comprising civil penalties, compensations in the amount equal to the benefits received or would have been received and reimbursements of investigative expenses incurred by the SEC). These individuals were also prohibited from trading securities and derivatives for 14 or 20 months (as the case may be) and from serving as directors or executives for 28 or 40 months (as the case may be). 

In this regard, 10 of the offenders agreed to comply with the civil sanctions imposed by the CSC. However, Mr. Chanon Wangtal and Mr. Natpapat Keschaimongkol refused to do so. It is thus considered that both offenders do not consent to settle the case at the SEC level.  

Therefore, the SEC has submitted the case in writing to the public prosecutor for filing a lawsuit in the Civil Court to seek civil sanction with civil penalties at the total amount of 10,553,382 baht plus interest, as well as a prohibition of securities and derivatives trading and a bar from holding the director and executive positions at securities issuing companies or securities companies, with the maximum applicable statutory penalties. 

Furthermore, the SEC has reported the proceedings in this case to the Anti-Money Laundering Office (AMLO) for further consideration of actions under their authority as the offenses related to unfair securities trading constitute a predicate offense under the Anti-Money Laundering Act B.E. 2542 (1999). 

Note: 

* SEC News No. 69/2024 headlined: SEC imposes civil sanctions on 12 offenders for manipulating SCN share prices, released on 28 March 2024: https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11072&NewsNo=69&NewsYear=2024&Lang=EN