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Article: Bangkok Post, Thailand, business briefs column.(Column)
- Article from:
- Bangkok Post (Bangkok, Thailand)
- Article date:
- April 11, 2007
CopyrightCOPYRIGHT 2007 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr. 11--37M IN MANIPULATION FINES: The Securities and Exchange Commission yesterday imposed fines of 37.76 million baht on two former executives of the auto-parts maker Yarnapund Plc and one former executive of Syrus Securities for price manipulation.
Chamlong Phanpanit, a former board chairman of Yarnapund, was fined 28.08 million baht, and former YNP executive Charn Lesprasertpakorn 9.17 million. Syrus Securities marketing executive Saksilp Kongkanon was fined 500,000 baht for colluding in price-fixing.
The SEC said that from Jan 13 to March 18, 2005, Mrs Chamlong and Mr Charn manipulated trading of YNP shares through nine nominee accounts. Mr Saksilp ...
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