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Founder of Wind Energy Holdings awarded US$900 in compensation by UK court
2 Oct 08:23 Key points summarised by AI
- A British court awarded Nopporn Suppipat, founder of Wind Energy Holdings (WEH), US$900 million in compensation for a fraudulent share sale.
- The verdict found current WEH chairman Nop Narongdej and 13 co-defendants guilty of conspiring to lure Suppipat into selling his shares at a significantly undervalued price.
- Suppipat sold his shares for US$176 million while they were estimated to be worth US$1.6 billion, with the UK court asserting jurisdiction due to a British co-defendant.
