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Wednesday, May 15, 2024

Stark finds B15.6bn of irregular transactions in audit

Stark Corp finds at least 15.6 billion baht of irregular transactions at its units, following an investigation. (File photo)

Stark Corp, a Thai industrial cable maker at the centre of an accounting scandal and debt defaults, discovered at least 15.6 billion baht of irregular transactions at its units after completing parts of a required special investigation.

Phelps Dodge International (Thailand) Ltd, Stark’s cable-making unit, had total damages of 12 billion baht…

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