Showing 11 - 20 of 56
Energy Absolute reschedules bills of exchange payment
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Ailing Energy Absolute (EA), which has been under investigation over alleged fraud involving former executives, has rescheduled payment of two of its tranches of short-term bills of exchange (B/E) due to tight liquidity.
Bid to revive confidence after EA fraud claim
Business, Wichit Chantanusornsiri, Published on 17/07/2024
» Following the alleged fraud committed by the former chief executive and chief financial executive of SET-listed Energy Absolute (EA), the Finance Ministry has vowed to take decisive action to rebuild confidence in the Thai capital market.
National Broadcasting Commission suspends 3m suspicious SIM cards
Business, Komsan Tortermvasana, Published on 16/07/2024
» The National Broadcasting and Telecommunications Commission (NBTC) has suspended more than three million SIM cards, as the holders had not verified their identities with their mobile phone operators by the deadline, according to NBTC's measures to handle alleged fraudsters’ mule accounts.
Energy Absolute launches probe into fraud claims
Business, Nareerat Wiriyapong, Published on 16/07/2024
» SET-listed Energy Absolute (EA) has set up a committee to look into the alleged fraud committed by its former chief executive and chief financial executive, yet the renewable energy producer insisted it would go ahead with a 5.5-billion-baht bond issuance, despite the recent negative developments pertaining to the company's credibility.
Energy Absolute CEO accused of fraud
Published on 13/07/2024
» The Securities and Exchange Commission has accused the two top executives of the renewable energy firm Energy Absolute (EA) of procurement fraud that earned the perpetrators 3.5 billion baht.
Laundering challenges grow in crypto world
Published on 11/07/2024
» Suspect digital wallets have distributed close to $100 billion in illicit funds across the cryptocurrency market since 2019, flows that often touch popular stablecoins and centralised exchanges, according to a new report.
Thai banks ‘lack capacity’ to screen Myanmar deals
Published on 11/07/2024
» Major Thai banks defended themselves on Thursday against criticism that they facilitated weapons purchases by the Myanmar junta, saying they lacked the capacity to investigate all transactions that might be used for such purchases.
SCB clarifies Myanmar-related transactions
Published on 27/06/2024
» Siam Commercial Bank (SCB) says it has found no irregularities in transactions with Myanmar, and disputes some statements made in a United Nations report about the bank’s role in military procurement financing.
Former Stark CEO charged, case with prosecutors
Online Reporters, Published on 24/06/2024
» The Department of Special Investigation (DSI) handed the former chief executive of collapsed Stark Corp, Chanin Yensudchai, over to public prosecutors on Monday for indictment on multiple charges.
Stark suspect denies cash transfers
Post Reporters, Published on 23/06/2024
» The lawyer of Chanin Yensudchai, one of the key suspects in the Stark Corporation embezzlement scandal, on Sunday rejected reports his client had transferred more than 8 billion baht out of the country.