Thailand’s TPI Polene (TPIPL): off the hook? Questions remain

Thailand’s TPI Polene (TPIPL): off the hook? Questions remain
Published: 30 May 2008

TPI Polene (TPIPL) informed the SET yesterday that the special public prosecutor of the Office of the Attorney General said TPIPL did not have to pay a Bt6.9bn fine in an alleged share manipulation case until a final court judgement is issued. As the prosecutor is the representative filing this case against TPIPL, his opinion indicates the Appeals Court may cease the legal execution of the judgement.
 
TPIPL on March 18, 2008 filed a motion with the Criminal Court requesting it to cease the legal execution of the judgement. The Criminal Court, however, issued an order to dismiss the motion. TPIPL subsequently on 10 April 2008 filed an appeal against the order of the Criminal Court to the Appeals Court. At present, this case is being considered by the Appeals Court.