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Bangkok Post

Business

Class action law to be used to protect Stark investors

Stark SET DSI AIMC Vonnarat Tangkaravakoon SEC Stark Corporation The Department of Special Investigation the Stock Exchange of Thailand ECD

The Stock Exchange of Thailand (SET) and the Association of Investment Management Companies (AIMC) are preparing to use class action law to protect investors' interests as the Department of Special Investigation (DSI) probes potential fraud among former executives of Stark Corporation.

Manpong Senanarong, senior executive vice-president of the SET, said Stark shares dropped by about 90% after the SET allowed trading to resume from June 1, causing serious damage to investors, including holders of mutual funds.

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