Bangkok, October 6, 2015 ? The SEC filed a criminal complaint against Penkae Katekaew and Tan Lethi with the Department of Special Investigation (DSI) for collusively seeking unlawful gain causing damage to Bliss-Tel Public Company Limited (BLISS).

The SEC found that Penkae and Tan, then holding position as BLISS investment board members having power to make securities investment decision and approval on behalf of the company, had collusively sought unlawful gain causing damage to BLISS. They decided or proceeded for BLISS?s assets to invest in share warrants of C.I.Group Public Company Limited (CIG-W1) in 2010 for other persons? benefits. This caused BLISS to have 17.4 million baht loss from such investment in CIG-W1 during the period that CIG-W1 had high cost and almost expired and eventually were all sold out during low price period. 

The said actions were in violation of Section 311 of the Securities and Exchange Act B.E. 2535 (1992) (SEA) in conjunction with Section 83 of the Penal Code. The SEC therefore filed the criminal complaint against both persons with the DSI for further legal proceeding. Consequently, they are automatically barred from serving as capital market personnel or as director of any issuing and listed company.

In any case, filing a criminal complaint commences the criminal justice administration whereby the consideration whether a defendant is guilty will be proceeded by the DSI and the public prosecutor, and the court will judge the case, respectively.

Information contained in this news release is as of the aforementioned release date. For those who wish to see current status of the matter,
please go to compliant filed with inquiry officer