The directors-general of the Treasury and Comptroller-General departments are suspected of involvement in insider trading, in violation of the code of conduct of the Finance Ministry, in connection with the purchase and sale of the shares in Bangchak Corporation.

 

The suspicion was raised by the Securities and Exchange Commission (SEC) in a report to the Finance Ministry, regarding the purchase and sale of Bangchak shares by Chamroen Phothiyod, director-general of Treasury Department, and Kulaya Tantitemit, director-general of the Comptroller-General Department.

 

Both Chamroen and Kulaya are members of the board of Bangchak, representing the Finance Ministry, and reportedly had access to details of talks between Bangchak Corporation and Exxon Mobile to acquire stakes in Esso (Thailand) Public Company, a subsidiary of Exxon Mobile, by Bangchak.

 

Full Story: https://www.thaipbsworld.com/two-senior-finance-ministry-officials-under-suspicion-for-insider-trading/

 

-- © Copyright Thai PBS 2023-02-17

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

How else they going to feed at the trough.......Happens in all governments, it is why there are suppose to be checks and balances.....

Say it ain't so.

Shocked......as these things never occur within the illustrious and honourable circles. 

 

A sad day. 

Insider knowledge can be profitable (until you get caught).

9 hours ago, ThailandRyan said:

How else they going to feed at the trough.......Happens in all governments, it is why there are suppose to be checks and balances.....

Nancy Pelosi, Hunter Biden, Joe Biden...

20 minutes ago, jaywalker said:

Nancy Pelosi, Hunter Biden, Joe Biden...

I didn't name names but you can add all of 45s relatives as well.

12 minutes ago, ThailandRyan said:

I didn't name names but you can add all of 45s relatives as well.

Is that including Donald Trumps ex Wife ?

10 hours ago, jaywalker said:

Nancy Pelosi, Hunter Biden, Joe Biden...

Why not add Kelly loafler to your list? Neither party is interested in cracking down on their own stock deals. But some make others look like amateurs 

1 hour ago, Dave0206 said:

Why not add Kelly loafler to your list? Neither party is interested in cracking down on their own stock deals. But some make others look like amateurs 

Kelly Loeffler apparently lost her CFA designation after her pandemic related insider trading

and they couldn't come up with a better word then '"under suspicion"", crooks always be crooks and in Thailand there's one at every government related agency

 

 

crook

/krʊk/

2. a person who is dishonest or a criminal:

Now I am reassured, great work catching them!!!!

 

Both made 140,000,000 each, now retired.   Fines will amount to 500 baht.

 

Good system, nothing to see here..

 

move along!!!!!!