ITV Share Transfer Controversy: Investigative Report and Analysis

2023-06-13 03:11:00

“Ruangkrai” reminds “Pita Limcharoenrat”, the leader of the Kao Klai Party, transfers 4.2 thousand itv shares to his younger brother on May 25, 2023, opening the abbreviated financial statements of ITV Co. accompanying financial statements Not a question at the end of the minutes of the meeting that is currently published.

On June 13, Mr. Ruangkrai Leekitwattana, a member of the Pracharat Palang Pracharat Party, 1. A copy of the news from the Thai Post website on 9 June 2023 2. A copy of the news from the website of Mr. Pita Limcharoenrat dated 6 Jun. 2023 3. Copy of ITV share transfer transaction dated 25 May 2023 and 4. Copy of notes to financial statements of ITV as of 31 Mar. 2023

for the Election Commission to take part in the investigation of the case An investigative committee was appointed to investigate Mr. Pita Limcharoenrat. According to the Organic Act on Election Members of the House of Representatives 2018 Section 151

The reporter reported that on June 12, Mr. Ruangkrai revealed evidence of the transfer of ITV Public Company Limited shares of Mr. Pita Limcharoenrat, party leader and candidate for the Prime Minister of the Kao Klai Party. As evidence from the Thailand Securities Depository Co., Ltd. stated that Mr. Phitha had transferred 42,000 shares to Mr. Pasin Limcharoenrat. Which is the younger brother on May 25, 2023, including opening the abbreviated financial statements of the ITV company and its subsidiaries, stating that on February 24, 2023, there was a media presentation for related businesses and on April 28, the Board of Directors Meeting No. 2/2023 resolved to acknowledge the business model. of the company as a service provider for media

by Mr. Ruangkrai, said that the disclosure of information this time was to remind Mr. Phitha and the Kao Klai party. who replied that he did not remember when the shares were transferred As for the abbreviated financial statement documents that he disclosed It indicates that the company operates in the media business.

“The important document to look at is the notes to the financial statements. Not a question at the end of the minutes that have been published now. In note No. 10, issued on March 31, 2023, stated that on February 24, 2023, he was already in the media business as he described it as a mass media. Has not returned to the ITV station. He has done other media, “said Mr. Ruangkrai.

Mr. Ruangkrai also said that According to the constitution, section 98 (3) only stipulates that candidates are prohibited from holding shares in any business, newspaper or mass media. In this case, it fits the nature of any media, and that the ECT hit 3 rejections of Mr. Pita’s request for media shares, it’s okay, because when the ECT announced the results of MPs, Mr. Pita had a status as an MP. Then he will file a new petition according to section 82 of the constitution, which will be even more beneficial. Because the matter will go to the Constitutional Court. which will be more certain than going to the Supreme Court

“A clip of the minutes of the shareholders’ meeting has now been released. Not the essence of the issues raised. Because the law is written that it is forbidden to be a shareholder in the newspaper business. and any media The evidence that should be looked at are: 1. Does Mr. Pita hold shares according to the shareholder register? Not a shareholder according to the minutes of the meeting. 2. Doing any media business. Went to see the purpose of registering the company. and see from the notes to the financial statements going to the shareholders’ meeting Q&A and write down some right and wrong, it’s a matter of shareholders and the company. which when making a mistake This shareholder had to notify the amendment of the minutes of the meeting. Not accusing him of making a mistake because of political objectives, what would that be regarding? It’s like a committee meeting. The House of Representatives following the meeting will allow members to check whether the minutes of the meeting are recorded correctly or not. If you make a mistake, just go and correct it, “said Mr. Rueangkrai.

When asked if the information disclosed at this time seemed to point out that the ITV company Not running the business anymore, Mr. Ruangkrai said it was not related to doing media or not, had to look at the income. View company establishment objectives Like the Constitutional Court’s ruling in the case of Mr. Thanathorn Juangroongruangkit and Mr. Thanwarin Sukhaphisit, the court did not look at the reports of shareholders who asked and answered.

the part that says The Supreme Administrative Court had ruled in 2013 that ITV was closed, and there was no evidence of television and radio operations. Ruangkrai said it was part. But it’s not regarding the fact that Mr. Phitha holds shares and is not wrong. Because the law prohibits applicants from holding media shares, which Mr. Phitha is named as a shareholder of ITV Company 42,000 shares without specifying the shareholding as the inheritor And the notes to the company’s 2023 financial statements indicate that The company has made media other than ITV on February 24, 2023 and will recognize revenue in the second quarter.

What does the word mass media mean? The 2007 constitution mentions radio, television, newspapers, and now the word mass media has both analog and digital. Which is already in the academic and asked that when the Constitutional Court ruled on Mr. Thanathorn’s shareholding case, V Luck Media Co., Ltd. did not operate a television station like ITV. Or print books like Matichon or Thai Rath, but he prints other books. So don’t go see if ITV is broadcasting. or has stopped broadcasting To solve the issue, let’s be smart and accurate. There are hundreds of people cheering for 14 million. Can’t you find a smart person?

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