Thai regulator accuses top renewable energy firm CEO and deputy of fraud


BANGKOK (Reuters): Thailand's market regulator has accused top renewable energy firm Energy Absolute's (EA) CEO and Deputy CEO of fraud in procurement of equipment for the company.

The charges against CEO Somphote Ahunai and Deputy CEO Amorn Sapthaweekul relate to the purchase of equipment from overseas and/or software for EA's solar power plant during 2013-2015, according to a Securities and Exchange Commission (SEC) statement issued on late on Friday.

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