Thai Regulator Files Fraud Charges Against Debt-Ridden Stark

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Thailand’s regulator has filed charges against the largest holder and others involved in the management of Stark Corp., an industrial cable maker at the center of an accounting scandal and debt default. 

The Bangkok-based Securities and Exchange Commission filed charges of financial misconduct against 10 entities and individuals, including Stark’s largest holder Vonnarat Tangkaravakoon, with the Department of Special Investigation, according to the regulator’s statement.

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