Top court brings curtain down on family firm feud

The Supreme Court has upheld an Appeal Court’s ruling to order Surin Tohtubtiang, chairman and CEO of Kuang Pei San Food Products Plc, and five other defendants to transfer shares in 19 firms and land back to his other nine siblings.

The ruling read on Monday finalised the case regarding Kuang Pei San Food Products Plc, producer of Pumpui canned fish and other products, and conflicts surrounding the family-owned business.

Sutham Tohtubtiang, eldest brother of the family holding major shares in the firm, is expected today to make a statement along with his siblings and legal team about the case.

The case began in 2015 after Mr Sutham’s brother Salil Tohtubtiang, director of the firm, asked the Department of Special Investigation (DSI) to probe alleged embezzlement by his brother, Mr Surin, that caused about 100 million baht in damages.

Mr Salil complained that Mr…