A new order
Article Abstract:
The Thai SEC lodged complaints against 30 investors in the Stock Exchange of Thailand for taking part in share-controlling syndicates whose activities contributed to record trading volumes in 1992. Among the accused is Song 'Sia Song' Vatcharasriroj, a prominent investor whose syndicate is charged with colluding in the manipulation of share prices. Bangkok's police will now investigate the charges and may seek prosecution. Observers hope that the SEC's crackdown will deter share ramping.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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More to come: share scandal could force further resignations
Article Abstract:
The Thai SEC's continuing investigation of a share price manipulation scandal has forced several implicated politicians to resign, most notably hotel tycoon and member of parliament Akorn Hoontrakul. The investigation was first made public on Apr 22, 1993 when 30 investors in the Bangkok stock exchange were accused. Another 123 companies and people have since been implicated, dampening stock activity and lending support to Prime Minister Chuan Leekpai's opposition.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Investors rampant
Article Abstract:
Thai brokers are unhappy with the Securities and Exchange Commission's ruling preventing them from buying 'designated securities' (DS) for their own portfolios. DS are stocks whose abrupt rise is attributed to manipulation. Speculators feel that investing in ramped stocks is more profitable than investing in fundamentally-sound companies. They want the regulators to give them prior warning and proof of malpractice before labelling stocks as designated.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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