Two senior Finance Ministry officials under suspicion for insider trading

21 Sept 14:23 Key points summarised by AI

Two high-ranking Finance Ministry officials, Chamroen Phothiyod and Kulaya Tantitemit, are under suspicion for insider trading by the Securities and Exchange Commission (SEC).
The allegations stem from their trading of Bangchak Corporation shares while both served on its board, during the company's confidential acquisition talks for Esso (Thailand), to which they had privileged access.
Chamroen purchased 600,000 Bangchak shares and later sold 150,000, while Kulaya bought 300,000 shares, with these transactions occurring during the sensitive acquisition period.
Both officials deny the accusations, asserting they reported all share dealings to relevant authorities and that the shares were acquired through company offers extended to board members and staff, not based on insider information.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.