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SEC News Release
SEC News Release
From : Home > SEC News Release

No. 43 / 2012

Friday 11 May 2012


Bangkok, May 8, 2012 – The SEC today filed a criminal complaint against 15 alleged offenders, comprising (1) Shine Bunnag, (2) Pataman Buranasin, (3) Supichaya Chaimueanvong, (4) Watanya Wongopasi, (5) Montika Khunhon, (6) Apinunthakan Pongsathabordee, (7) Meesak Makbumroong, (8) Siriya Dumrongviteethum, (9) Chanatip Tantipoontham, (10) Tree Bunpradphai, (11) Lek Tanjai, (12) Pannatad Klomsamorn, (13) Phawit Natapintu, (14) Tepparit Sihisarapisit, and (15) Thai Bunpradphai, with the Department of Special Investigation (DSI) for manipulating prices of 12 securities during 2008-2010.

With referral from the Stock Exchange of Thailand on irregular trading condition of 12 securities, the SEC probed into the case and found that Shine and others had continuously sent securities trading orders through trading accounts of several groups of people to buy and sell those securities in concealment in the manner that boost up share prices by sending trading orders in great volume with different price levels, taking both bid and offer positions, matching trades of those securities within the same groups, stimulating trading by sending bids and offers in small amounts at the same price level for several transactions, and stabilizing the price of those securities to mislead and lure the investing public into the trading. The aforesaid actions of Shine were in contravention of Sections 243(1), (2) and 244 of the Securities and Exchange Act B.E. 2535 (1992) (SEA) in conjunction with Section 83 of the Penal Code. Meanwhile, the others as accomplices were in contravention of Sections 243(1) (2) and 244 of the Securities and Exchange Act B.E. 2535 (1992) (SEA) in conjunction with Section 83 or 86 of the Penal Code.

Based on findings, during 2008-2010, Shine had traded such 12 securities through his own and other persons’ accounts as follows:
     (1) Shares of Sub Sri Thai Warehouse Plc. (“SST”) (Presently Sub Sri Thai Plc.) during August 2008 – February 2009;
     (2) Shares of Sunshine Corporation Plc. (“SSE”) (Presently Aqua Corporation Plc.) during May – June 2009 and October  – November 2009;
     (3) Warrants of Sunshine Corporation Plc. (“SSE-W1”) during May  – June 2009;
     (4) Shares of Thai Industrial & Engineering Service Plc. (“TIES”) during March – July 2009;
     (5) Shares of Star Sanitaryware Plc. (“STAR”) during June 2009;
     (6) Warrants of International Research Corporation Plc. (“IRCP-W1”) during October  – November 2009;
     (7) Shares of Simat Technologies Plc. (“SIMAT”) during March 2010;
     (8) Warrants of Star Sanitaryware Plc. (“STAR-W”) during March  – April 2010;
     (9) Shares of Agro Industrial Machinery Plc. (“AMAC”) (Presently Max Metal Corporation Plc.) during April– May 2010;
     (10) Shares of Mida-Medalist Entertainment Plc. (“MME”) during May 2010;
     (11) Warrants of Mida-Medalist Entertainment Plc. (“MME-W1”) during May 2010; and
     (12) Shares of Lighting & Equipment Plc. (“L&E”) during July 2010.

Additionally, evidence indicated that there were other persons involved in the scheme as follows:
     (1) Pataman Buranasin had colluded with Shine in manipulating prices of IRCP-W1, SIMAT, STAR-W, AMAC, MME, MME-W1, and L&E; 
     (2) Supichaya Chaimueanvong had colluded with Shine in manipulating prices of SIMAT, STAR-W, AMAC, MME, and MME-W1; 
     (3) Kamol Ieosivikul had colluded with Shine in manipulating price of SST;
     (4) Watanya Wongopasi, at that time as marketing officer of Zmico Securities Plc., had aided and abetted Shine in manipulating price of SST;
     (5) Montika Khunhon, at that time as marketing officer of Zmico Securities Plc., had aided and abetted Shine in manipulating price of SST;
     (6) Apinunthakan Pongsathabordee had aided and abetted Shine in manipulating prices of SIMAT, STAR-W, AMAC, MME, MME-W1, and L&E; 
     (7) Meesak Makbumroong had aided and abetted Shine in manipulating prices of SIMAT, STAR-W, AMAC, MME, and MME-W1;   
     (8) Siriya Dumrongviteethum had aided and abetted Shine in manipulating prices of SIMAT and STAR-W; 
     (9) Chanatip Tantipoontham had aided and abetted Shine in manipulating prices of SIMAT and STAR-W; 
     (10) Tree Bunpradphai had aided and abetted Shine in manipulating prices of MME, MME-W1, and L&E 
     (11) Lek Tanjai had aided and abetted Shine in manipulating price of MME;   
     (12) Pannatad Klomsamorn had aided and abetted Shine in manipulating price of L&E;   
     (13) Pawit Nathapintu had aided and abetted Shine in manipulating price of L&E; 
     (14) Tepparit Sihisarapisit had aided and abetted Shine in manipulating price of L&E; and
     (15) Thai Bunpradphai (a marketing officer of Country Group Securities Plc.) had aided and abetted Shine in manipulating prices of SIMAT, STAR-W, AMAC, and L&E. 

Kamol agreed and paid a fine in the amount of 500,000 baht as determined by the Settlement Committee on March 16, 2012. His case shall thus be regarded as settled under Section 317 of SEA. 

The above complaint also results in Montika and Thai to have prohibited characteristics of capital market personnel pursuant to the Notification of Capital Market Supervisory Board No. TorThor/Nor/Khor. 37/2553 Re: Prohibited Characteristics of Personnel in Capital Market Industry dated September 15, 2010. The SEC therefore revoked approval for their present status as investment consultant. 

 



Information contained in this news release is as of the aforementioned release date. For those who wish to see current status of the matter,
please go to compliant filed with inquiry officer (available in Thai only)

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