The Latest Breaking News from SEC

Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.

Finance Minister Arkhom Termpittayapaisith has told the Securities and Exchange Commission (SEC) to take action regarding Stark Corporation's negative shareholder equity to protect investors' interests and build confidence.

The Supreme Court on June 20 dismissed petitions filed by the West Bengal Government and the State Election Commission against the Calcutta High Court order to requisition Central security forces for panchayat elections.

Stark Corporation is poised to be delisted from the Stock Exchange of Thailand (SET) due to its negative shareholders' equity, while the Securities and Exchange Commission (SEC) is vowing to take legal action against those involved in preparing the company's faulty financial statements.

In West Bengal, all stakeholders must ensure that the exercise of electing panchayat functionaries does not descend into lawlessness and chaos

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Within a day of its opening, the control room set up at the Raj Bhavan in Kolkata to register grievances relating to the panchayat polls in West Bengal has received more than 300 complaints.

The Vacation Bench of the Supreme Court agreed to urgently hear on June 20 a plea by the West Bengal State Election Commission and State Government challenging an order of the Calcutta High Court directing the SEC to requisition and deploy Central forces across West Bengal for the panchayat elections.