TV tangle: MFP leader’s shareholding scandal sparks iTV’s clarification clash

In the midst of a Thai shareholding scandal involving Move Forward Party (MFP) leader Pita Limjaroenrat, iTV has released a statement to clarify inconsistencies between the official minutes from its annual shareholders’ meeting and a video taken on April 26. The central issue revolves around whether iTV is still operating in the media business, which could have implications for Pita’s political eligibility.

The statement from iTV asserts that the phrase “the company is still conducting business activities as stipulated in the registration” does not imply ongoing engagement in the media industry. Instead, it aims to communicate that the firm is functioning within the guidelines set out in the company registration, and is not a defunct organisation. The company further explains that the meeting minutes are not a direct…