DSI freezes 220 million baht in Stark Corp leader Chanin’s scandal

The Department of Special Investigation (DSI) has placed a freeze on a staggering 220 million baht held in the checking account of Chanin Yensudchai, the erstwhile chairman of the beleaguered Stark Corp. According to DSI spokeswoman Pichaya Tarakornsanti, the action is part of a broader measure to supply compensation to victims in light of the continuing scandal.
“The DSI has taken similar action with another of Chanin’s accounts with Credit Suisse Bank, with the intention of utilisation for victim compensation.”
Additionally, Off-limits registered under Chanin’s title have been frozen by the DSI. The Department of Lands is reviewing these steps to oversee the particular particulars and evaluate the properties.
Accusations of financial misconduct are following Chanin, and he presently stays at massive overseas. The DSI has made contact with Interpol and requested a red discover to facilitate his apprehension. Communication with the Ministry of Foreign Affairs has also been initiated by the DSI aiming to suspend Chanin’s passport.
In a twist to the case, The Office of the Securities and Exchange Commission (SEC) has lodged charges with the DSI, alleging monetary misconduct towards Stark Corp. The accusations prolong to four subsidiary corporations and 5 distinguished people, reported Bangkok Post.
The expenses suggest a conspiracy involving all those parties and others to manufacture deceptive statements for Stark and its affiliates between 2021 and 2022. Moreover, they are charged with keeping the company’s account details and debenture sales underneath wraps. The hid details also pertain to a prospective investment in Germany’s Leoni AG.
Vonnarat Tangkaravakoon, Stark’s greatest shareholder, was knowledgeable of the fees on July 26 however denied any wrongdoing. As the case continues to evolve, the testimonies of the previous chief monetary officer, Sathar Chantrasettalead, and secretary, Yosboworn Amarit are under DSI’s evaluate..

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