The four persons under the criminal complaint were: (1) {A}, then {X1} Vice President, Vice Executive President, Chief Executive Officer and Managing Director, (2) {B}, then {X1} Executive Director, Deputy Chief Executive Officer - General Administration and Company Secretary, (3) {C}, and (4) {D}. The complaint was imposed on the ground of their collaboration in committing malpractice that caused damage to {X1}.

In this regard, the four persons jointly arranged for {X1} to buy a land and a seven-storey office building to be used as {X1} new office at the price of 60 million baht from {C}. However, after fact examination, it was found that there was a reasonable ground to believe that the actual payment for the purchase of the land and the office building was 40 million baht, and the remaining 20 million baht was used for the benefit of {A} and {D}. Such demeanors were deemed seeking benefits for oneself or other persons illegally.  

The acts of such former directors and executives of {X1} and their supporters above were liable to be the offenses under Section 307, Section 311, Section 313 and Section 315 of the Securities and Exchange Act B.E. 2535 (1992) in conjunction with Section 83 and Section 86 of the Criminal Code, as the case may be. Therefore, SEC has filed a criminal complaint against the said persons for ECSD to consider further legal action. Concurrently, SEC has notified the legal action under the Securities and Exchange Act to the Anti-money Laundering Office as the persons’ acts are also a predicate offense under the Anti-money Laundering Act B.E. 2542 (1999), as amended.

In any case, filing a criminal complaint commences the criminal justice administration process whereby the consideration of whether any person is guilty is under the inquiry official’s investigation, the public attorney’s prosecution, and the court’s jurisdiction, respectively.

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