AMLO sends suit to seize STARK stock fraud worth 2.8 billion to prosecutors

AMLO sent the case against “Chanin and associates” STARK stock fraud, which involved 34 items of property valued at approximately 2,890 million baht, to prosecutors.

Mr. Witthaya Neetitham, Director of the Legal Division and AMLO Office Spokesperson, said that according to the Transactions Committee’s resolution at the Transactions Committee Meeting No. 4/2024 on April 10, 2024, the AMLO Office will proceed. Sending the matter to the public prosecutor to submit a request to the court to order the property to belong to the state.

On April 23, 2024, Mr. Thepsu Bowonchotdara, Secretary-General of the Anti-Money Laundering Committee assigned to A team of officials from the Case Division 2, Office of the AMLO, acted as representatives in handing over the case to Mr. Wirun Chanthananan, Director-General of the Public Prosecution Office, Special Cases Office. Office of the Attorney General to consider submitting a petition requesting the court to order property to belong to the state in the case of Mr. Chanin and others at the Office of the Special Prosecutor. Ratchadaphisek Road, Chatuchak District, Bangkok

However, that case is a fundamental offense related to defrauding the public. Embezzlement or fraud or dishonest acts according to the law governing financial institution business. and misappropriation of assets in the nature of normal business, in the case of Stark Corporation Public Company Limited (STARK stock case), which has Mr. Chanin Being the chairman of the board of directors There is a habit of decorating the company’s financial statements to show good operating results. and higher than reality Want to be of interest to investors

There is part of the property that is being considered by the Civil Court (Order Y. 222/2023). In this meeting The Transactions Committee has resolved to send the matter to the public prosecutor to submit a request for the court to order the property to be vested in the state, amounting to 34 items (land and money in savings accounts), worth approximately 2,890 million baht (Y.32/2024), including the value of the assets. The AMLO office has processed in this case approximately 3,200 million baht. The AMLO office is in the process of collecting facts about the victims in order to continue protecting their rights under the law.