According to the SEC, Mr Nantawat failed to comply with auditing standards in a material and systemic manner during his audit of Stark and its subsidiaries. The SEC revoked his capital market auditor licence and imposed a six-year ban, effective yesterday, during which any application for reinstatement will not be considered. FOLLOWING THE PROCESSFrom a criminal perspective, the SEC determined that Mr Nantawat's actions contributed to enabling fraudulent activities and financial statement manipulation at Stark. As a result, the regulator filed charges under the Securities and Exchange Act, referring the case to the DSI for further investigation and potential prosecution. From an administrative standpoint, the SEC concluded the misconduct constituted a severe breach of auditing standards, warranting the revocation of his capital market auditor licence.

Source: Bangkok Post April 01, 2026 21:48 UTC