Regulator fingers 32 over manipulation
The Securities and Exchange Commission (SEC) has filed a complaint with the Economic Crime Suppression Division (ECD) and the Anti-Money Laundering Office (Amlo) against 32 individuals for their involvement in the 800-million-baht share manipulation of More Return Plc (MORE).
The regulator investigated the share manipulation of MORE stocks and found evidence that a group of 32 individuals collectively committed this offence between July 18 and Nov 10, 2022.
The accused individuals are connected to each other in terms of personal relationships; money; securities trading, including channels and places to send trading orders; shared duties; or agreements to send orders in a way that misled the public about the price or volume of buying or selling of MORE shares, said the SEC statement.
All of the…
