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Pattaya Daily News

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04 November 2009 :: 08:11:36 am 31464

Police Arrest Third Suspect in Stock Rumour Case

BANGKOK, Nov 3 (TNA) " Thai authorities have arrested a third suspect in relation to the spread of rumours which are credited with tumbled Thai stock market last month."
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Pol Maj-Gen Kriengsak Arunsrisophon, commander of the Economic and Cyber Crime Division, said that the suspect is a Thai man but he denied elaborating further details. The authorities arrested the man in Chonburi and were questioning him.

He was accused of feeding false information through the computer system that may cause damage to the security of the nation or cause panic among the public. If convicted, those who are arrested face five year prison terms and/or maximum fines of Bt100,000.

Police on Sunday arrested two suspects, Theeranun Wiphuchanun and Katha Pajariyapong, in connection with spreading a rumour on the health of King Bhumibol Adulyadej. Both were released on bail.

The Stock Exchange of Thailand 0 (SET) index dropped 7.2 per cent during October 14 and 15 trading sessions as rumours swirled in the bourse over the 81-year-old king’s health.

His Majesty the King on Monday appeared in public for the second time in less than two weeks after being hospitalised for more than a month for a lung inflammation treatment, marking the occasion by celebrating a traditional observance of the Loy Krathong festival with members of the royal family. (TNA)

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POLICE SEEK MORE WARRANTS IN STOCK RUMOUR CASE

BANGKOK, Nov 2 (TNA)  The Thai police are seeking arrest warrants for two more people on suspicion of intentionally spreading the rumours regarding the health of His Majesty King Bhumibol Adulyadej that led to significant lasses in the plunge of the Bangkok stock market last month.
Two more people will be charged with feeding false information through using computer system, to intentionally damage national security or cause panic among the public, according to Deputy Commissioner of the Central Investigation Bureau Pol Maj-Gen Panya Mamen.

One of two suspects is a man who posted improper messages on two websites.

The police are investigating information retrieved from computers seized in the arrests of two suspects on Sunday to find links to other people involved in spreading the rumours.

The police are gathering sufficient evidence to seek more arrest warrants from the court and to further investigate whether there is a ?mastermind? behind them.

Theeranun Wiphuchanun, Katha Pajariyapong, both from the financial services industry, arrested on Sunday were released on bail.

The police are convinced that those who are behind the actions won?t escape and won’t meddle with evidence, Gen Panya said.

Both were accused of feeding false information via computer undermining the security of the nation.

If convicted, each may face a five-year imprisonment or a maximum fine of 100,000 baht (about US$3,000) or both.

The Stock Exchange of Thailand (SET) index dropped 7.2 per cent on October 14 and 15 trading sessions as rumours swirled in the bourse over the 81-year-old king’s health.

The world’s longest-reigning monarch has been hospitalised since mid-September for lung inflammation treatment. His youngest daughter Princess Chulabhorn has said her father is recovering and is likely to leave hospital soon. (TNA)

Reporter : PDN staff   Photo : Internet   Category : Thailand News

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