The Thailand Securities and Exchange Commission has asked the public prosecutor to file a Civil Court lawsuit against five people in a case involving alleged manipulation of the share price or trading volume of V.L. Enterprise Public Company Limited, or VL. The request seeks civil sanctions at the maximum statutory level, including payment of THB 5,079,141.55 plus interest, a suspension from trading securities and derivatives, and a ban on serving as a director or executive. The case stems from an earlier decision by the Civil Sanction Committee to impose civil sanctions on nine offenders. Those sanctions totaled THB 10,854,500, covering civil penalties, compensation equal to the benefit received or that should have been received, and reimbursement of the Securities and Exchange Commission's investigative expenses, alongside trading suspensions of 17 months or 22.5 months and director or executive bans of 34 months or 45 months. Four offenders resolved the case at the Securities and Exchange Commission level, but the other five refused to extinguish the case under the committee's civil sanctions, prompting the referral to the public prosecutor. The Securities and Exchange Commission has also referred the matter to the Anti-Money Laundering Office because the unfair securities trading misconduct is a predicate offense under the Anti-Money Laundering Act B.E. 2542 (1999).

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