Suriya faces SEC charge
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The Securities and Exchange Commission has filed criminal complaints against former deputy commerce minister Suriya Larpwisuthisin; Somphong Witthayaraksarn, former chairman of SEC Auto Sales and Services (SECC); and Somchai Sripayak, director of an SECC
The commission filed the complaint with the Department of Special Investigation on December 16 after it found witnesses to support claims that the suspects manipulated trading in shares of Metrostar Property, Thai Unique Coil Centre and SECC. The suspects are accused of colluding with two former executives of a securities company in providing and using other persons’ trading accounts to trade the shares in concealment and on a continual basis to mislead and induce the general public into buying and selling such shares.
In addition, there are five more suspects, who showed their intentions to ask for being fined by Settlement Committee, which SEC will announce, further progress.
