Bangchak Corporation Clarifies Status of Seized Shares
Bangchak Corporation has confirmed that the seizure of certain shares by authorities does not impact its business operations or assets.
On October 27, 2026, Bangchak Corporation Public Company Limited issued a statement regarding the seizure of a portion of its shares, which has been in effect since December 3, 2025. According to Khaosod Online, this action is part of a government investigation into a transnational money laundering network involving specific shareholders.
Bangchak emphasized that the seizure is strictly limited to the assets held by the individuals under investigation and is entirely separate from the company’s core business, management, and overall assets. The seized shares remain under the supervision of the Anti-Money Laundering Office (AMLO). The company clarified that the remaining shares are not linked to the allegations.
For residents and investors, the company has established a special committee to monitor the situation. Notably, the board representative associated with the implicated shareholder has not participated in board meetings or performed duties at the company office since December 11, 2025. While this individual retains their board status as they have not yet been disqualified under current legal standards, they possess no authority to sign or bind the company to any agreements.
It remains to be confirmed how the ongoing legal proceedings against the specific shareholders will conclude and whether any further administrative actions will be taken by the Securities and Exchange Commission (SEC) or the Economic Crime Suppression Division (ECD) regarding the company's governance structure.
