The Securities and Exchange Commission (SEC) has revealed that it has accused Mr. Somphote Ahunai, CEO of Energy Absolute Plc (SET: EA), Mr. Amorn Sapthaweekul, Director of EA, and Mr. Pornlert Taecharattanopas and EA’s subsidiaries, including EA Solar Nakornsawan Co., Ltd., and EA Solar Lampang Co., Ltd. of fraudulent.
According to the SEC, it was found that during the years 2013-2015, the three individuals engaged in fraudulent activities involving the procurement of equipment from overseas and/or software for use in EA’s solar power plant construction project through the two subsidiaries, resulting in all three individuals benefiting from a total amount of 3,465.64 million baht.
The SEC has forwarded the case to the Department of Special Investigation (DSI) for further legal proceedings and also reported the case to Anti-Money Laundering Office (AMLO).
Given that the transactions took place overseas, the SEC has coordinated and received assistance from several foreign regulatory agencies in gathering evidence for the case.
