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Sep. 7--Ekkayuth Anchanbut, the chairman of the UK-based Oriental Mart Group and leader of the new Prachatham Party, yesterday accused local politicians of manipulating securities of Siam City Bank to raise funds ahead of the general election.
Similar price manipulation had taken place involving securities of at least 10 listed companies including politically linked firms in the property, entertainment and communications sectors and involving investor losses of more than 100 billion baht, he alleged.
Securities regulators said, however, that no price manipulation had been detected in the case of SCIB warrants, but that they were ready to further ...