Firms asked to restrain contacts with Raisom
Play
The Securities and Exchange Commission on Friday takes a harsh action against Raisom Co Ltd, a producer of TV Channel 3, and its owner Sorrayuth Suthassanachinda.
In a circular dated Nov 2, the securities watchdog asked for cooperation from listed companies, securities companies, financial advisors and all associations involving in the capital market to restrain their contacts with corruption-tainted individuals.
The SEC asked all to be "cautious and discreet" in doing business with individuals who are implicated in corruption "to help eradicate corruption in Thailand".
In the circular signed by SEC Secretary-General Vorapol Socatiyanurak, the watchdog referred to the Thai Journalists Association's ruling earlier that Sorrayuth has breached the journalism ethics. Though the legal action against him is not yet concluded, he was apparently breached the professional ethics, it said.
Sorrayuth was alleged of playing a role in the embezzlement of Bt138.79 million of MCOT Plc's advertising revenue while his company was producing a television show for Modernine in 2005 and 2006.
He remains a key media personality, producing money-making news programmes for TV Channel 3.
The SEC is a key player in the Anti-Corruption Network, a grouping of agencies and private companies committed to eradicate corruption in the country.
