January 13Jan 13 File photo for reference onlyThree members of the Phornprapha family, including Akapat “Kim” Phornprapha, have been formally indicted in the MORE share-trading case. Prosecutors escorted Akapat, along with Athipat and Orpin Phornprapha, to the Criminal Court on January 13, 2026. Legal steps were pursued after court-approved warrants led to their detention.The case stems from alleged irregularities in share trading activities. Authorities revealed that the attorney-general had directed indictments for 42 suspects in total, with 28 having been previously referred to prosecutors. The warrant for the Phornprapha trio was issued following their absence from a scheduled meeting on January 5, 2026, prompting the Department of Special Investigation (DSI) to take action.Pol Lt Col Woranan Srilam, representing DSI, confirmed the completion of the investigation and the immediate court proceedings for the indicted parties. Additional suspects, including Somnuek Kayawatthanakit and others, are awaiting similar charges by February 16, 2026. This ongoing legal process aims to address the broader scope of the investigation and its implications on the stock market.Worries about suspects fleeing abroad were addressed, with assurances of extradition proceedings if necessary. Measures have been introduced in collaboration with the Stock Exchange of Thailand, focusing on enhanced account monitoring and fund-flow regulations to avert future incidents. Court hearings will allow both prosecutors and defendants to present their evidence before a verdict is reached, reported The Nation.Key TakeawaysAkapat Phornprapha and family members face indictment in a share-trading case.The DSI has completed investigations; 42 suspects to be indicted.Measures are in place to prevent further market-related incidents.Related StoriesThai Gold Trading Faces Limits to Tame Baht's StrengthUS Invasion of Venezuela Shock Lends Strength to Thai Baht Adapted by ASEAN Now from The Nation 2026-01-13
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