Nation Thailand
Six arrest warrants issued in VGI share ownership concealment case
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The Economic Crime Suppression Division (ECD) and the Securities and Exchange Commission (SEC) are pursuing legal action against a network of Thai and foreign individuals accused of using offshore legal entities and funds as nominee shareholders to c
Key facts
- Inaccurate and false reporting, and failure to make a tender offer for all the company’s securities: Based on the facts available at this stage, the three investors’ combined holdings appear to represent more than 25% of VGI’s total voting rights.
- The agencies searched four locations on Tuesday (October 27, 2026) to gather further evidence.
- ATTA fears 50% fall in Chinese group tours to Thailand at Lunar New Year 2027
- Acting in concert to take control of the company: The three investors who subscribed for VGI’s newly issued shares through a private placement shared funding sources, and their ultimate beneficial owners were connected.
- NESDC warns oil may stay high as Praipol sees US$90 a barrel in 1–2 months if wars ease
Summary
The Economic Crime Suppression Division (ECD) and the Securities and Exchange Commission (SEC) are pursuing legal action against a network of Thai and foreign individuals accused of using offshore legal entities and funds as nominee shareholders to conceal the ultimate beneficial owners (UBOs) of newly issued shares in VGI Public Company Limited (VGI).
The agencies searched four locations on Tuesday (October 27, 2026) to gather further evidence.