The recent allegations of fraud at Stark Corporation has caused severe damage to investors.
Most of the time, the alleged fraud involves the company’s owner, management or auditor.
After twice postponing submission of the company’s 2022 financial results, the listed wire and cable manufacturer Stark issued restated financial results showing it incurred a net loss the past two years and its liabilities exceeded its assets.
Last month, Stark defaulted on some of its 39 billion baht in liabilities. Trading of its shares were suspended on the Stock Exchange of Thailand (SET) after…
