Described: 12 Jul 2024 at 05: 18
Previous justice minister Pongthep Thepkanjana has been appointed as the new head of the president’s working group tasked with studying the multi-billion-baht Stark promote incident, replacing Pichai Nilthongkham, who resigned, according to the Ministry of Justice.
Along with Mr Pongthep’s appointment, the secretary-general of the Security and Exchange Commission ( SEC ), the president of the Thailand Federation of Accounting Professions ( TFAC ) and the president of the Thai Investors Association ( TIA ) were also appointed to the working group in an order signed Tuesday by Justice Minister Tawee Sodsong, said Somboon Muangklam, an adviser to the minister.
The working class will examine the findings of Stark Corp.’s famous promote scams incident.
Pol Col Yutthana Praedam, acting director-general of the Department of Special Investigation ( DSI), also provided updates on the ongoing investigation.
According to him, it was recently discovered that around 380 million ringgit were transferred from Stark to seven events in what are now thought to be money-laundering deals.
Two of the seven suspects are currently being held in prison while the Criminal Court holds a reading on their behalf. They are one of the 11 suspects who were recently detained and are currently remanded in custody. According to Pol Col Yutthana, the second hearing is scheduled for January 14.
Former Stark CEO Chanin Yensudchai, who was detained and arrested there at the request of Prime Minister Srettha Thavisin, was one of the 11 imprisoned offenders. He recently returned to Thailand from Dubai after being tracked along and detained it.
The five different parties who were identified as having received cash, which was later transferred to them in amounts of between 50 and 100 million baht, may be summoned to reply costs quickly, according to Pol Col Yutthana.
The Stark promote incident is estimated to have cost at least 14.77 billion ringgit in restitution to owners and property investors, which concerned 9.19 billion ringgit in corporate bonds and a 5.58-billion-baht rights giving, said Pol Col Yutthana.
According to Pol Col. Yutthana, the SEC is still attempting to capture more property, while around 3 billion baht of the scandal’s assets have already been taken.
Witthaya Nititham, spokesman for the Anti-Money Laundering Office ( Amlo ), said that while 4, 724 damaged parties are seeking to recoup their money, estimated at 3.24 billion baht, it cannot be returned yet pending a court order.