The Thailand Securities and Exchange Commission has asked the public prosecutor to file a civil lawsuit in the Civil Court against Miss Pichaya Krimwongrat in the Principal Capital Public Company Limited (PRINC) share price manipulation case, seeking the maximum applicable statutory civil sanctions after she refused to comply with sanctions imposed by the Civil Sanction Committee. The Civil Sanction Committee previously imposed civil sanctions on six offenders for manipulating PRINC shares, requiring total payments of THB 426,795,221 across civil penalties, compensation equal to benefits received or that would have been received, and reimbursements of the SEC’s investigative expenses, alongside securities and derivatives trading bans ranging from 17 to 36.5 months and director or executive bans ranging from 34 to 73 months. While five offenders agreed to comply, the SEC has now submitted the case to the prosecutor to seek a civil penalty of THB 63,326,886 plus interest and to request trading and directorship or executive prohibitions with maximum statutory penalties; the SEC also reported the matter to the Anti-Money Laundering Office for consideration under its powers because unfair securities trading is a predicate offense under the Anti-Money Laundering Act B.E. 2542 (1999).
Thailand Securities & Exchange Commission 2025-12-02
Thailand Securities and Exchange Commission asks prosecutor to pursue civil lawsuit over PRINC share price manipulation seeking THB 63.3 million penalty and maximum bans
The Thailand Securities and Exchange Commission has asked the public prosecutor to file a civil lawsuit against Miss Pichaya Krimwongrat for PRINC share price manipulation, seeking maximum statutory civil sanctions. This follows her refusal to comply with previously imposed sanctions, unlike five other offenders. The SEC also reported the case to the Anti-Money Laundering Office, as unfair securities trading is a predicate offense under the Anti-Money Laundering Act.