The SEC has filed charges against 13 offenders against the Office of the Office of the Anti-Corruption Commission for creating the price and trading volume of FVC’s securities, along with reporting legal action to the AMLO.
The SEC has filed charges against a total of 13 offenders with the Economic Crime Suppression Division (OCEC) for manipulating the price and trading volume of securities of Filter Vision Public Company Limited (FVC). ) along with reporting legal action to the Anti-Money Laundering Office (AMLO).
The Securities and Exchange Commission (SEC) received information from the Stock Exchange of Thailand (SET) and conducted additional investigations. In the case where convincing evidence was found that a group of 13 offenders were: (1) Mr. Suraphong Triamchanchai (2) Nippon Pack (Thailand) Public Company Limited (currently named Global Consumer Company Limited) Public Company Limited or NPP) (3) Ms. Thipparat Sakhon Suksri Rerk (4) Miss Rinnapa Kunawatthathit (5) Mr. Wattana Sawatthong (6) Mr. D
anuch Bunnag (7) Mr. Praphon Milinthachinda (8) Mrs. Kingkan S. Mitanon (9) P-Sat Corporation Co., Ltd. (P-SAT) (10) Mr. Anupon Sri-at (11) Mr. Kitjaphat Itthiritthanon (12) Mrs. Ananya Ruengsakwichit and (13) ) Mr. Natthaphon Chalermpot, who was found to have a relationship between them, came to buy and sell securities of Filter Vision Public Company Limited (FVC) and had trading behavior in the manner of knowing or agreeing. By dividing the duties of sending orders to buy and sell stocks, FVC continually supports and supports each other. causing the price and trading volume of FVC shares to deviate from normal conditions During the period 25 – 31 Aug. 2015 (total 5 business days) and 19 – 21 Oct. 2015 (total 3 business days), causing the general public to misunderstand that at that time there was a demand for trading FVC shares. in large quantities and come to trade accordingly Therefore, it is considered an offense according to Section 243(1) together with Section 244 and Section 243(2) which is punishable
according to Section 296 of the Securities Act, which is currently still an offense according to Section 244/3 and There is a penalty according to Section 296 of the Securities Act as amended by the Securities Act (No. 5) B.E. 2016.
In addition, the actions of Mr. Anupon As a private fund manager managed by AEC Securities Public Company Limited (currently changed its name to Beyond Securities Public Company Limited) which has the authority to place orders in the securities trading accounts of private fund clients. Orders were placed to sell FVC shares in a manner that created prices during that period. It is considered to be acting dishonestly and carefully to protect the interests of the person assigned to manage the private fund by using knowledge and abilities like a professional. It is considered a violation of Section 134, paragraph two and paragraph three, together with Section 133, paragraph one, of the Securities Act, including the case of Mr. Praphon. that did not report the acquisition or disposal
of FVC shares exceeding 5 percent of the total number of voting rights It is also a violation of Section 246 of the Securities Act.
In this regard, the SEC has considered and considered that The behavior of the offender group has the form of a group of actions. There is a division of duties in sending trading orders to create FVC stock prices. In addition, there are many offenders in this case. The SEC has continuously investigated many cases of wrongdoing, both fraud and illegal acts. It is unfair in securities trading, and the SEC has taken legal action against such persons in many cases. The SEC therefore accuses the group of 13 offenders with the Crime Suppression Division. economic (SEC) to consider taking further legal action. At the same time, the SEC has also notified the above proceedings under the Securities Act to the Office of the Anti-Money Laundering (Anti-Money Laundering). P.R.) because it is a fundamental offense under the Anti-Money Laundering Act B.E. 2542 (1999) and its amendments.
Incid
entally, the SEC’s accusation is only the beginning of the criminal law enforcement process. Under this process Determining whether a person has broken the law is a step within the investigative authority of the investigating officer. Prosecution of the prosecutor’s case as well as the discretion of the Court of Justice, respectively. The SEC will continue to follow the progress of the litigation. and will cooperate fully with relevant agencies To support law enforcement according to the Securities Act in the process after the SEC has made accusations.-516
Source: Thai News Agency