Founder and former CEO of Thai renewable energy firm Wind Energy Holdings (WEH) has been awarded US$900 million (about 30 billion baht) in compensation by a British court over a share sale swindle.
On July 31st, the British court ordered the current chairman of Wind Energy Holdings (WEH) and 13 other co-defendants to compensate the founder of the company for fraudulently conspiring to lure the plaintiff into selling his shares in WEH at an under-valued price, according to a BBC Thai report.
The co-plaintiffs in the case are Nopporn Suppipat, founder and former CEO of WEH, and his three companies, Symphony Partners, Next Global Investments and Dynamic Link Ventures.
Among the co-defendants are Nop Narongdej, current chairman of WEH, Emma Louise Collins, former CEO of WEH,; Siam Commercial Bank, former executive of WEH Thun Reansuwan, WEH former executive Amman Lakhani, Column…
