STARK shares retail investors submit a letter to the SEC-SET to speed up prosecution. Hijacking foreign countries, demanding damages from offenders, paying directly to investors Thai Investors Association Remedy and help lawyers to sue civil groups for 1,759 cases
From the case of the Securities and Exchange Commission (SEC) has accused 10 individuals and juristic persons with the Department of Special Investigation (DSI) that they jointly acted or consented to posting false statements. incorrect account not current or not in line with the truth in the year 2021-2022 to deceive any person Misunderstanding the results and plans of Stark Corporation Public Company Limited (STARK), which falls under several sections under Securities and Exchange Act and subsequently, the SEC has ordered to freeze all 10 assets for 180 days because they committed offenses that caused widespread damage to the public. There are circumstances that should be believed that The offender will move or dispose of the property.
Latest progress (July 11), representatives of the victims who invest in STARK ordinary shares traveled to the SEC to submit a letter to Ms. Achinee Pattamasukon, Assistant Secretary General for Corporate Communications of the SEC. with Mrs. Siriporn Jungtrakul, Secretary General of the Thai Investors Association and representatives of the Stock Exchange of Thailand (SET) to express their appreciation to the SEC for accelerating the prosecution and sequestering the assets of offenders urgently and requesting the SEC to speed up the process next episode by the victims of the opinion that The offenses committed by the 10 groups of persons fall under several sections of the offense. Securities Act therefore urges the SEC to take maximum criminal and civil sanctions. as well as asking for advice on channels that the SEC can help alleviate the damage to these individual investors and ask the SEC to and the Stock Exchange of Thailand Amend and revise laws that limit the supervision, prevention and suppression of corruption in the capital market. of listed companies Both now and in the future, such as the SEC’s limitation that it cannot take civil action against the offender on behalf of the damaged investor. in order to be able to directly claim compensation for damages to investors in foreign capital markets such as the United States, Malaysia, Singapore, and Hong Kong
Victims’ groups also submitted a request for assistance to the president of the Thai Investors Association asking the association to help carry out class action lawsuits while still being the victim’s center. and support the cost of litigation, such as lawyer’s professional fees, etc., as well as other related costs. so that the class proceedings continue Until being able to claim justice and finally heal the victims
Ms. Achinee Pattamasukon, assistant secretary-general of the SEC, confirmed that the SEC has the scope of authority specified by law. In the past, I tried my best to find evidence. If an offense is found under any section will proceed to the end any action Be confident in the evidence Sometimes it takes time to admit that the STARK case has caused a lot of damage to the capital market. and will try to investigate to the fullest Including pushing for a revision and improvement of the Act to have more stringent protection measures and penalties
Ms. Siriporn Jungtrakul, secretary general of the Thai Investors Association (TIA), revealed that a total of 1,759 registered victims invested in STARK ordinary shares, which reflects that. This case has caused damage to many individual investors and a wide area. The Thai Investors Association has considered the action. In order to provide assistance as requested by STARK common stock victim representatives in succession.
Source: Thai News Agency
