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Thai stock regulator files fraud charges against execs and major shareholder of Stark Corp

14 Sept 05:35 Key points summarised by AI

Thailand's SEC has formally charged six executives, a major shareholder, and four companies associated with Stark Corp for widespread financial misconduct, including doctoring statements and public fraud.
The alleged fraud involved the sale of debentures and a capital increase plan, prompting the DSI to pursue an arrest warrant for a former chairman who has reportedly fled the country.

Yesterday 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).