No. 47 / 2015
Monday 20 April 2015
Bangkok, April 20, 2015 – The SEC revealed that the Settlement Committee imposed a fine of 1,500,000 baht on Chakkit Thanavirun, a former executive of Bliss-Tel Plc. (BLISS) for imparting false statements with intent to mislead other persons concerning the facts stated in BLISS financial statements.
The SEC found that Chakkit, then BLISS executive, imparted the statements in the company’s Q2/2013, Q3/2013, and 2013 financial statements with intent to mislead other persons concerning revenues from services from computer system testing and sale of goods – CCTV, toner and printer as revenues from normal course of business. As a matter of fact such revenues were classified as other incomes from acting as agent for selling of goods and rendering services. The revenues were not generated from the actual operating activities of BLISS.
The aforesaid action was in violation of Section 238 of the Securities and Exchange Act B.E. 2535 (1992), the Settlement Committee therefore imposed a fine on him in the amount of 1,500,000 baht.
At present, BLISS had already rectified the aforesaid financial statements by recording such revenues as other incomes.