A statement from the Securities and Exchange Commission (SEC) confirmed the imposition of civil penalties on Tipco Foods Plc’s (TIPCO) chairwoman Laksana Supsakorn, and her colleague Sommart Dhupchinda. The two industry professionals were allegedly found guilty of jointly buying shares of a listed company using inside information.
The SEC, which has used information provided by the Stock Exchange of Thailand (SET) to prompt investigations, released a detailed account stating that the accused duo, a board chairwoman of Tipco Foods and Tipco Asphalt (TIPCO and TASCO), and a director of Tipco Power Co, acquired Tipco Foods shares based on confidential data in their possession.
Evidence was obtained that highlighted the chairwoman’s possession of classified information concerning TIPCO’s share price elevation due to the company’s temporary dividend in…
