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Bangkok Post
Bangkok Post
Business

MORE president resigns amid trading probe

MORE SEC SET ECD Stock Exchange of Thailand
Mr Ummarit informed the Stock Exchange of Thailand of his resignation.

Ummarit Klomchitcharoen, president and chief executive of More Return (MORE), on Monday informed the Stock Exchange of Thailand (SET) of his resignation after being accused of manipulating the company's share price, along with 17 others, in November last year.

Last Friday the Securities and Exchange Commission (SEC) said it had filed a complaint with the Economic Crime Suppression Division (ECD) against 18 alleged offenders for manipulating the price or trading volume of MORE shares between Nov 10-11. The SEC's accusation is just the start of the criminal law enforcement process.

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