SEC plans to withdraw auditors If found to do wrong in the case of STARK

Bangkok 7 – The SEC proceeds to investigate the STARK case after the first 10 people gave false information in the first lot. Point out if the auditor is found guilty Immediate license revocation

Mr. Thawatchai Pittayasophon, Deputy Secretary-General, Acting Secretary-General The Office of the Securities and Exchange Commission (SEC) mentioned the action in the case of Stark Corporation Public Company Limited (STARK) that currently there is still an investigation. investigate the culprit and additional stakeholders continually which some details cannot be disclosed The operation is divided into 2 parts, namely, the SEC operates by itself. By aiming to find the offender to punish and part 2 together with relevant agencies such as the Department of Special Investigation (DSI), the Office of the Anti-Money Laundering Commission (AMLO) and the Stock Exchange of Thailand (Tor. Lt. Lt.), all processes are subject to law enforcement. and according to the authority of each agency that can do If there is any additional action, it will be disclosed to the public.

As for the accusation of the first set of 10 offenders because incorrect information was discovered. account decoration involved in fraud make it possible to get property from the people Regarding the seizure of assets pursuant to Section 267 of the Securities and Exchange Act B.E. it can be done because it is a matter of liquidity which is different from what the SEC regulates

However, there are other perpetrators as further actions will be disclosed to the public. and emphasized that giving false information to investors causing abnormal trading considered guilty But will it affect the stock market manipulation or not? must first be traded in the market Therefore, there will be an examination according to the next step.

“Even now, there is no wrongdoing to the auditors. but in principle In the event that the auditor is guilty, the SEC has the right to revoke the auditor's license approved by the SEC, but if the auditor is not registered with the SEC, will coordinate with the supervisory agencies such as the Association of Accounting Professions under the Royal Patronage, etc., ”said Mr. Thawatchai.-Thai News Agency

Source: Thai News Agency