Lite Beer Posted May 21, 2014 Share Posted May 21, 2014 STOCKSFormer PM's sibling fined for insider tradingThe Nation Monthathip Shinawatra and Somchai Kovitcharoenkul were fined Bt9.67 million for trading with M-Link Asia Corp inside information.The Securities and Exchange Commission said in a statement that their transactions on the inside information were executed during July 27-August 15, 2011.Monthathip is a younger sister of former prime minister Thaksin Shinawatra.The investigation showed that Monthatip sold 29 million MLINK shares in securities trading account of the M Capital Holding Co Ltd. She traded MLINK shares on the knowledge of MLINK's Bt315.79 million operating net loss in the second quarter of the year. During the period of the transaction, the result was not yet released to the public.The loss resulted from an extraordinary item on allowance for impairment work in construction of Portalnet Co Ltd, a subsidiary of the telecom company. Monthatip learnt of this information while she was MLINK's executive chairman and president as well as an authorised director. She also held 49.99 per cent in M Capital Holding.During July 22 - August 2, 2011, Somchai sold 7 million shares of MLINK in his own securities trading account by using the aforementioned information learnt during his directorship in MLINK.Both agreed to settle the violation with the fine. Monthathip is to pay a fine of Bt7.86 million while Somchai Bt1.8 million. -- The Nation 2014-05-21 2 Link to comment Share on other sites More sharing options...
Popular Post poooket Posted May 21, 2014 Popular Post Share Posted May 21, 2014 The family just follow their leader... 16 Link to comment Share on other sites More sharing options...
Popular Post issanaus Posted May 21, 2014 Popular Post Share Posted May 21, 2014 I am shocked and surprised at such conduct! 5 Link to comment Share on other sites More sharing options...
poooket Posted May 21, 2014 Share Posted May 21, 2014 I am shocked and surprised at such conduct! LOL 2 Link to comment Share on other sites More sharing options...
Popular Post robblok Posted May 21, 2014 Popular Post Share Posted May 21, 2014 One could say it runs in the family, though big brother is the best at it. 11 Link to comment Share on other sites More sharing options...
moe666 Posted May 21, 2014 Share Posted May 21, 2014 Just another case of the Shins being picked on 2 Link to comment Share on other sites More sharing options...
Popular Post zydeco Posted May 21, 2014 Popular Post Share Posted May 21, 2014 Such an example of immense greed. These people just can't get enough of controlling everything--and legality is the least of their concerns. Honestly, why would a family with billions claw after more and more and more? 22 Link to comment Share on other sites More sharing options...
Popular Post djjamie Posted May 21, 2014 Popular Post Share Posted May 21, 2014 (edited) I am itching to add "The Securities and Exchange Commission" to the below list..They are probably the only entity in Thailand that the PTP / Shin's have not demonized yet!!! Please PTP / Shin's (who are hiding in a safe house or in yinglucks case hiding on the border ready to flee)…Please demonize them. Please denounce them. Please call them biased. TVF members, please do the same. Let me add one more to the growing list. It has been 4 days since the beauty pageant…Come on guys!!! The Thai beauty patent judges, the World bank, Moody's, UNHCR, Human Rights Watch, the Environmentalists, the corn farmer, rubber farmers, rice farmers, medical association, rural teachers, academics, Supa, global economists, IMF, private banks, GSB, the EC, AoT, the courts, military, bangkok middle class, business owner, state enterprise staff, Buddhist monks, civil servants, labor unions, Green Politics group, Thai Constitution Protection Association, The Thai press, NIDA poll, Bangkok Poll. Edited May 21, 2014 by djjamie 14 Link to comment Share on other sites More sharing options...
lungmi Posted May 21, 2014 Share Posted May 21, 2014 DNA? Link to comment Share on other sites More sharing options...
Popular Post waza Posted May 21, 2014 Popular Post Share Posted May 21, 2014 (edited) That fine equates to about a quarter of a baht for each share sold, I would assume that they profited a great deal more than that by the sale. Edited May 21, 2014 by waza 7 Link to comment Share on other sites More sharing options...
bobl Posted May 21, 2014 Share Posted May 21, 2014 Outrageous! You'd never find British politicians getting caught doing anything like that. 2 Link to comment Share on other sites More sharing options...
Popular Post djjamie Posted May 21, 2014 Popular Post Share Posted May 21, 2014 Outrageous! You'd never find British politicians getting caught doing anything like that. Yes you would. But when the politicians brothers, sisters, uncles, aunts, nephews, cousins, sons and daughters are all criminally culpable, corrupt or abusing power then it is time to worry. 8 Link to comment Share on other sites More sharing options...
Popular Post tomacht8 Posted May 21, 2014 Popular Post Share Posted May 21, 2014 I guess if they follow the money trails from the rice scheme, every school kid in all thailand could have 3 tablets for freeand every state hospital in Thailand could be renovated. Greedy thieves. 5 Link to comment Share on other sites More sharing options...
Popular Post pmugghc Posted May 21, 2014 Popular Post Share Posted May 21, 2014 Could this be the start of a bunch of cases that have been in someones drawers? 3 Link to comment Share on other sites More sharing options...
Popular Post Scamper Posted May 21, 2014 Popular Post Share Posted May 21, 2014 When reading stories like this, one can only marvel at how well Thaksin has been able to pedal himself and his family as the voice of the common man. There is absolutely nothing in the world of the Shinawatra family that bears the slightest resemblance or connection in any shape or form with the typically struggling and dirt-poor family in Isaan. No stocks to appraise there - no tips to bag millions. No sprees to Macy's. No auctions to peruse at Sotheby's. No Lamborghini to sample. No, Udon Thani has bought it - hook, line, and sinker. And it would take twelve Freuds to figure that out. 20 Link to comment Share on other sites More sharing options...
issanaus Posted May 21, 2014 Share Posted May 21, 2014 Could this be the start of a bunch of cases that have been in someones drawers? I was wondering about the odour attached to this case (icons not working) Link to comment Share on other sites More sharing options...
Popular Post Arkady Posted May 21, 2014 Popular Post Share Posted May 21, 2014 Martha Stewart went to prison for insider trading worth only USD200k but the Thai SEC is rather toothless lacking its own powers of prosecution, unlike the NACC. So they usually go for these type of settlements. Otherwise they have to go through the police and attorney-general for criminal prosecutions which are rarely if ever successful in the case of very wealthy defendants. Sent from my iPhone using Thaivisa Connect Thailand 4 Link to comment Share on other sites More sharing options...
englishoak Posted May 21, 2014 Share Posted May 21, 2014 This goes on all the time everywhere and always has. Its illegal yes but its one of those grey areas, its hard not to act when you have information your going to lose money. You have information on shares you own and you know your going to lose millions if you dont sell asap .... most will sell. 1 Link to comment Share on other sites More sharing options...
IAMSOBAD Posted May 21, 2014 Share Posted May 21, 2014 Shame on the Shin Clan Link to comment Share on other sites More sharing options...
Popular Post pmugghc Posted May 21, 2014 Popular Post Share Posted May 21, 2014 So the usual Thai Rouge apologists come out in force, claiming this is sooo normal, nothing to see here, etc. Pathetic! 8 Link to comment Share on other sites More sharing options...
realfunster Posted May 21, 2014 Share Posted May 21, 2014 When reading stories like this, one can only marvel at how well Thaksin has been able to pedal himself and his family as the voice of the common man. There is absolutely nothing in the world of the Shinawatra family that bears the slightest resemblance or connection in any shape or form with the typically struggling and dirt-poor family in Isaan. No stocks to appraise there - no tips to bag millions. No sprees to Macy's. No auctions to peruse at Sotheby's. No Lamborghini to sample. No, Udon Thani has bought it - hook, line, and sinker. And it would take twelve Freuds to figure that out. Indeed, that Thaksin can so easily garner such popular support really shows how out of touch with the populace previously predominant regimes have been, doesn't it ? 1 Link to comment Share on other sites More sharing options...
ShannonT Posted May 21, 2014 Share Posted May 21, 2014 So the usual Thai Rouge apologists come out in force, claiming this is sooo normal, nothing to see here, etc. Pathetic! One side rallies behind those accused of corruption, the other side rallies behind those accused of murder. Different people have different opinions. Welcome to life! Link to comment Share on other sites More sharing options...
Popular Post zydeco Posted May 21, 2014 Popular Post Share Posted May 21, 2014 (edited) So the usual Thai Rouge apologists come out in force, claiming this is sooo normal, nothing to see here, etc. Pathetic! One side rallies behind those accused of corruption, the other side rallies behind those accused of murder. Different people have different opinions. Welcome to life! I am so sad to see you continue to spit out such hysterical venom simply because the side you support lost in a political argument. This is the sort of incitement that made martial law necessary. Please calm down. Edited May 21, 2014 by zydeco 7 Link to comment Share on other sites More sharing options...
Popular Post Thait Spot Posted May 21, 2014 Popular Post Share Posted May 21, 2014 Murder? Apologists Theft? Apologists Corruption? Apologists Cheat in voting? Apologists Cheat in law documents? Apologists War on drugs? Apologists Tak Bai? Apologists Exim Bank? Apologists Loans to Myanmar for AIS? Apologists Ratchada land? Apologists Lottery? Apologists No pattern here? Apologists Sent from my Nexus 4 using Thaivisa Connect Thailand mobile app 7 Link to comment Share on other sites More sharing options...
Popular Post pmugghc Posted May 21, 2014 Popular Post Share Posted May 21, 2014 So the usual Thai Rouge apologists come out in force, claiming this is sooo normal, nothing to see here, etc. Pathetic! One side rallies behind those accused of corruption, the other side rallies behind those accused of murder. Different people have different opinions. Welcome to life! You forgot the most common option: people are against both corruption and murder! 6 Link to comment Share on other sites More sharing options...
h90 Posted May 21, 2014 Share Posted May 21, 2014 And again and again and again....Seems in this family there is not 1 clean person Link to comment Share on other sites More sharing options...
Gunna Posted May 21, 2014 Share Posted May 21, 2014 So the usual Thai Rouge apologists come out in force, claiming this is sooo normal, nothing to see here, etc. Pathetic! One side rallies behind those accused of corruption, the other side rallies behind those accused of murder. Different people have different opinions. Welcome to life! Being led by a convicted criminal is a bit different to being accused on trumped up charges by some obeying the criminals orders 1 Link to comment Share on other sites More sharing options...
ChrisY1 Posted May 21, 2014 Share Posted May 21, 2014 Outrageous! You'd never find British politicians getting caught doing anything like that. Yes you would. But when the politicians brothers, sisters, uncles, aunts, nephews, cousins, sons and daughters are all criminally culpable, corrupt or abusing power then it is time to worry. You forgot the driver, gardener and maid..... 1 Link to comment Share on other sites More sharing options...
djjamie Posted May 21, 2014 Share Posted May 21, 2014 I am itching to add "The Securities and Exchange Commission" to the below list..They are probably the only entity in Thailand that the PTP / Shin's have not demonized yet!!! Please PTP / Shin's (who are hiding in a safe house or in yinglucks case hiding on the border ready to flee)…Please demonize them. Please denounce them. Please call them biased. TVF members, please do the same. Let me add one more to the growing list. It has been 4 days since the beauty pageant…Come on guys!!! The Thai beauty patent judges, the World bank, Moody's, UNHCR, Human Rights Watch, the Environmentalists, the corn farmer, rubber farmers, rice farmers, medical association, rural teachers, academics, Supa, global economists, IMF, private banks, GSB, the EC, AoT, the courts, military, bangkok middle class, business owner, state enterprise staff, Buddhist monks, civil servants, labor unions, Green Politics group, Thai Constitution Protection Association, The Thai press, NIDA poll, Bangkok Poll. Sources please that each and every one of these have been "demonized" (are you Satanist or something?) by the PTP. Or your post is BS, like the majority of your posts. Are you demonizing the securities council? I only add if you or the PTP demonize... Come on..I will quote Nike here.. "Just do it" Your posts make no sense. Where did the Puea Thai party demonize "global economists" or "AoT" or "business owner". Those definitions don't even make sense, much less what you are trying to say. Are you on the free WiFi from the pub or something? Your challenging me that the PTP don't demonize these entities by belittling me at the end of your post with your wifi quip! It reminds me of when Somchai Srisuthiyakorn described the red shirts as rude, low and wild and there reaction was….Yep, you guessed it. It was a rude, low and wild reaction proving Somchai right.. They are not the smartest group that "3rd hand" that represent 7% of the population. Anyway since the martial law has brought groups together and achieved so much more in 40 hours than the PTP have in 7 months I will make a deal. I will start linking posts or OP's to each entity in my lists. Since this list has been a 3 year project and I have added as the opportunity represents itself will only start with the beauty pageant and go from there as I will not imitate Tarit as the lap dog of anyone. In the name of reconciliation I hope my dove of peace is accepted by you. Link to comment Share on other sites More sharing options...
love1012 Posted May 21, 2014 Share Posted May 21, 2014 When reading stories like this, one can only marvel at how well Thaksin has been able to pedal himself and his family as the voice of the common man. There is absolutely nothing in the world of the Shinawatra family that bears the slightest resemblance or connection in any shape or form with the typically struggling and dirt-poor family in Isaan. No stocks to appraise there - no tips to bag millions. No sprees to Macy's. No auctions to peruse at Sotheby's. No Lamborghini to sample. No, Udon Thani has bought it - hook, line, and sinker. And it would take twelve Freuds to figure that out. Indeed, that Thaksin can so easily garner such popular support really shows how out of touch with the populace previously predominant regimes have been, doesn't it ? No .it shows how much bribery he committed, how many murders he carried out and how many little stooges like Juthaporn there are Link to comment Share on other sites More sharing options...
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