Tuesday, July 07, 2020

Kasem wins favourable Appeal Court ruling in his case accusing son of fraud in share transfer

Oct 20. 2019
 Kasem Narongdej, (left) and  his son Nop (right)
Kasem Narongdej, (left) and his son Nop (right)
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By The Nation

The Appeal Court on October 16 overruled the lower court’s decision to reject a petition by Kasem Narongdej accusing his son Nop and Nop's mother-in-law, Khunying Korkaew Boonyachinda, of allegedly using fake documents for the transfer of shares of Wind Energy Holding (WEH).

The Criminal Court, on November 31 last year, had dismissed Kasem’s complaint against Nop, Khunying Korkaew, and an associate.

In August last year, Kasem, the co-founder of KPN Group, had approached the Criminal Court accusing Nop, Khunying Korkaew, as well as Surat Joncharaporn, the director of a Hong Kong-based firm Golden Music Ltd, for allegedly collaborating and using fake documents featuring Kasam’s “forged signature” to transfer 99.99 per cent shares of Golden Music to Khunying Korkaew.

Golden Music has a 37.8 per cent stake in WEH.

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