Scandal stalks stocks

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The story "Scandal stalks stocks" was covered 14 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 14h ago

Quick Summary:

The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.

Kris Chantanotoke, chief executive of Siam Commercial Bank (SCB), said his bank has extended a credit line of 13 billion baht to EA, which remains classified as a performing loan.

Good corporate governance creates accountability as it gives investors and stakeholders a clear idea of a company's direction and business integrity.