Unwinding the Dr Boon scandal

Quick Summary:

Investor confidence was still recovering from recent stock market manipulations when a high-profile investment scam involving Dr Boon Vanasin, an 86-year-old hospital veteran, sent shockwaves throughout Thailand's business arena, causing damages of nearly 8 billion baht.

To secure these loans, Dr Boon used shares of Thonburi Hospital, where he was a major shareholder, as collateral.

According to the SET, Dr Boon is the 17th-largest shareholder in THG, holding 5.8 million shares, equivalent to 0.68% of the company, valued at 90 million baht.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaLaosVietnam

Topics: Investors Business Projects Interest Police Baht Boon According Shareholders Victims Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 05:37:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1368 words

Reading Time: 8 minutes read

Sentences: 63 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24404607

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 11 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 12 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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