The Thailand Securities and Exchange Commission has revoked the approval of Mrs. Walailak Phokpermdee as an investment consultant for Complex Products Type 2 and, because that approval had already expired on 31 December 2025, imposed a 10-year period during which any future application by her for approval as capital market business personnel will not be accepted. The restriction takes effect from 14 July 2026. The action follows findings that, while employed by Krung Thai Bank Public Company Limited, she misappropriated THB 19,316,457 from 11 clients between January 2022 and March 2025. The SEC found that she failed to invest client money in line with client instructions and instead used it for personal benefit, and also withdrew money from client accounts without their knowledge or against their intentions. The misconduct included inducing clients to believe they needed to break fixed deposits before maturity to renew them, then using substitute passbook slips so the withdrawals did not appear in the passbooks. She also prepared or altered documents to conceal the misconduct and to make clients believe investments had been made, returns had been received, and full balances remained in their accounts. Krung Thai Bank has fully reimbursed the clients. The SEC treated the conduct as a failure to act with honesty and good faith and as conduct suggestive of dishonesty that undermines the credibility required of capital market business personnel.

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