Embattled Thai renewable energy firm Energy Absolute Pcl said its chief executive officer and his deputy resigned and will help authorities with investigations after facing allegations of fraud and corruption.
CEO Somphote Ahunai and Deputy CEO Amorn Sapthaweekul will step down as executives and directors to ensure transparency and accountability, the company said in a statement Sunday. The company will introduce a new executive board on Monday to reassure investors of its sound fundamentals and future, according to a press invitation issued earlier in the day.
The Securities and Exchange Commission leveled accusations of wrongdoing against Somphote, Amorn and a ...
