Thai Regulator Freezes Stark Assets, Files Fraud Charges (2)

Thailand’s market regulator ordered the seizure of assets of scandal-hit Stark Corp., its largest shareholder and some former executives allegedly involved in falsifying accounts that’s led to a bond default and crash in its share price.

The Securities and Exchange Commission said it will freeze the assets of Vonnarat Tangkaravakoon, four former employees, Stark and four other related entities for 180 days. The regulator will also seek a court injunction to prevent the accused from leaving the country in the next 15 days, the SEC said in a statement.

Earlier on Thursday, the regulator said it had filed ...