The SEC has filed a criminal complaint against STARK and its former directors for disseminating false information about the company’s financial condition.
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The SEC has filed a criminal complaint against STARK and its former directors for disseminating false information about the company’s financial condition. The matter has also been reported to the AMLO.
Key Points
The SEC has filed a criminal complaint against STARK and its former directors for disseminating false information about the company’s financial condition and business operation, leading to a lack of retained earnings and liquidity.
The former directors, including the President, Chief Financial Officer, and Chief Executive Officer, are accused of colluding in the fabrication of STARK’s financial statements for 2022, contravening the Securities and Exchange Commission B.E. 2535 and subject to legal penalties.
The SEC’s criminal complaint, submitted to the Department of Special Investigation and Anti-Money Laundering Office, marks the beginning of a legal process, with…