AMLO has issued an order to freeze 34 assets related to the offense of stock trading MORE, scheduled for no more than 90 days, with a total asset value of more than 5,300 million baht. The "Phornprapha" family has been attached to 3 people, totaling more than 2.6 billion. million baht, and "Ping Pong Aphimook" was hit hard at 444.64 million baht. The SET has revealed complete information about the fraud case to the police, ready to be sent to the SEC for an in-depth investigation of the stock manipulation case, while MORE shares plummeted as soon as First trading day

From the case when during the second week of November, there was an unusual movement that the stock price of More Return Public Company Limited or MORE stock dropped sharply.

Until it caught the eye of the Stock Exchange of Thailand (SET) before issuing a statement warning investors to exercise caution before trading such stocks.

because the stock price continues to fall

Including urging securities companies (Brokers) to closely supervise trading.

after it was found that it was purchased with a Margin Loan account (borrowing money to buy shares), with a limit of about 4,500 million baht, causing the brokers to combine this matter to discuss with

The Stock Exchange of Thailand (SET) before the liquidation date

Including the Anti-Money Laundering Office (AMLO) to investigate irregularities.

and will use the power to ask the bank to suspend the withdrawal of the proceeds from the sale of the shares first

until the facts can be proven

Progress on November 21, reporters reported that Mr. Pakorn Peetathawatchai, director and manager of the Stock Exchange of Thailand, together with Mr. Pichet Sithi-Amnuai, president of the Association of Thai Securities Companies.

Reveal the progress of this case.

Mr. Pakorn said

The SET has received a copy of a letter from the Anti-Money Laundering Office (AMLO) informing that it has ordered to temporarily freeze 34 assets related to the MORE stock trading offense with interest within a period of time. Not more than 90 days from the date of the order issued on November 21, 2022, by issuing an order to the relevant securities companies and those who have been damaged by this case.

to do so

This is considered progress and is the operation of the AMLO after coordinating the work and receiving information from the Central Investigation Headquarters.

“We have calculated the worst case hypothesis.

There is no risk that will affect the position of the broker or make the broker unable to work.

Because each broker has enough net liquid capital (NCR), no problem.

While asking investors to use information to make investment decisions, ”said Pakorn, and also stated that

Division of lawsuits

In the case of fraud and offenses that may be involved in creating a price manipulation of that stock.

the stock exchange

has sent information to the economic police and

AMLO complete

Including sending information to regulators.

which we have coordinated with the Securities and Exchange Commission (SEC) for further in-depth investigation, while the SEC

able to retrieve the trading database at the market

There are already all of them. However, the stock market

Still ready to receive information from investors or people involved in trading in this case in every way.

as the stock exchange had announced

If you want to change your status from an accused to a witness

to come in and provide more information to the market

Mr. Pichet Sithi-Amnuai, President of the Association of Thai Securities Companies, said that we are currently discussing to adjust the rules of securities companies in 2 main areas: Stocks placed as collateral

The rating determines the level of each group of stocks that can be placed as collateral.

2. There may be a bureau or central system to provide trading limits to customers.

That allows brokers to check how much limit each broker has given to this customer

to prevent possible risks

As for the movement of MORE stock prices after removing the trading prohibition mark (SP) on the first day, the price immediately plummeted to the floor, dropping 0.41 baht to 0.96 baht, or a decrease of 29.93 percent from the day before the trading ban.

This is considered to be an adjustment of 3 floors in a row.

The reporter reported that the assets that AMLO ordered the securities companies (brokers) involved to freeze the assets of customers linked to MORE stock trading this time, 34 items were found to be the attachment of money or securities of the person who bought them. Due to the money received from the sale of MORE or MORE-R shares on November 10, 2022, with names and property values ​​as of November 20, 2022 as follows: baht (under the supervision of AIRA Securities) 2. Mr. Chitipat

Klomchitcharoen 8.1 million baht (AIRA Securities) 3. Mr. Wasan Chawla 78 million baht (ASL Securities) 4. Mr. Sirisak Piyatassikul 369.80 million baht (A Securities) SL) 5. Mr. Samart Chuasiripattana

(ASL Securities) 195 million baht

6. Mr. Wasan Chawla 55.1 million baht (Asia Wealth Securities) 7. Mr. Prayoon Assakarn 145 million baht (Asia Wealth Securities) 8. Mr. Thammanoon Wetwittayaklang 11.6 million baht ( Asia Wealth Securities) 9. Mr. Apichart Bamrungwong 15.36 million baht (Bualuang Securities) 10. Mr. Athiphat Phornprapha 676.76 million baht (Bualuang Securities) 11. Chitiphat Klomchitcharoen 9.51 million baht (Bualuang Securities) 12. Mr. Paisan Kasemsirinawin 6.12 million baht (Bualuang Securities) 13. Mr. Thanayuth Rerkraksa 2.79 million baht (Bualuang Securities) 14. Ms. Jirawan Chaiphongphati 183.03 million baht (Dao Securities) 15. Mr. Somnuk Kayawathanakit 2.9 million baht (DBS Vickers Securities) 16. Tong Hua Capital Co., Ltd. 102.58 million Baht (DBS Vickers Securities) 17. Mr. Parinya Prinyanussorn 156.93 million Baht (Finansia Syrus Securities)

20 Mr. Ekaphat Phornprapha 1,808.72 million baht (Innovat X Securities) 21. Mrs. Orapin Phornprapha 122.9 million baht (Innovat X Securities) 22. Mr. Kriengsak

Wong Osotpanich 7.4 million baht (Innovest X Securities) 23. Mr. Mankong Sathienthirakul 146.28 million baht (Kasikorn Securities) 24. Mr. Pichet Pholsuwan 5.22 million baht (Kasikorn Securities) 25. Mr. Kriengsak

Wong Osotpanich 185.50 million baht (Kasikorn Securities) 26. Mr. Mankong Sathienthirakul 151.80 million baht (KGI Securities) 27. Mr. Ittiwat

Caste Iam Pikul 131.94 million baht (Kingford Securities) 28. Mr. Pat Chatcharoensuk 2.69 million baht (Kingford Securities) 29. Tong Hua Media Lab Company 27.78 million baht (B. Yuanta) 30. Mr. Somnuk Kayawathanakit 14.50 million baht (Yuanta Securities) 31. Mr. Aphimuk Bamrungwong 39 million baht (GM Osatcom Securities) 32. Mr. Wasan Chao Leave 26.63 million baht (Bor.

House) and 34. Mr. Thanayuth Rerkraksa 7.28 million baht (Pai Securities)

It is worth noting that the "Phornprapha" family had as many as 3 people seized, worth 2,608.38 million baht, consisting of Mr. Ekapat Phonprapha, the highest value of 1,808.72 million baht, Mr. Athiphat Phonprapha 676.76 million baht and Mrs. Orapin Phornprapha. 122.9 million baht, other personal assets of high value such as Mr. Aphimuk Bamrungwong worth 444.64 million baht, Ms. Orakao Kaisit 432.91 million baht, Mr. Sirisak Piyatassikul 369.80 million baht, etc.

Later that same day, the AMLO issued a statement on the case of asset freeze in the case of MORE stock fraud by Mr. Thepsu Bowonchotdara, AMLO deputy secretary-general, acting as secretary-general of AMLO, said the AMLO office operates. Temporary freeze of assets related to the commission of an offense

Mr. Apimuk and others

which has acts related to fraud under the Criminal Code

which looks like a normal business

which is a predicate offense under Section 3 (18) of the Anti-Money Laundering Act B.E. 2542 in the amount of 34 transactions (money or securities purchased from proceeds from the sale of MORE or MORE-R shares), including the value of property. Approximately 5,300 million baht, including interest for no more than 90 days, from November 21, 2022 to February 18, 2023.