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Bangkok Post
Bangkok Post
National

DSI agrees to look into Stark's finances

DSI Stark Department of Special Investigation Stark Corporation Stark Corp The Department of Special Investigation SEC
Department of Special Investigation director-general Pol Maj Suriya Singhakamol says the department will launch a special probe into Stark Corporation as there is evidence suggesting its executives violated Securities and Exchange Act. (Photo: Department of Special Investigation)

The Department of Special Investigation (DSI) has agreed to investigate Stark Corporation over suspicions of fraud by its former executives, which came to light after the publicly listed wire and cable maker failed to submit its financial statements in time as required by law.

The DSI was petitioned by Stark's acting chief executive, Vonnarat Tangkaravakoon, to investigate the company's financial records, as the company's auditors on Feb 24 detected irregularities in the company's financial statements, which pointed to wrongdoing by Stark's executives and managers.

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