In an unexpected twist, former justice minister Pongthep Thepkanjana has stepped up to take the reins from Pichai Nilthongkham as the head of the government’s elite task force studying the baffling multi-billion-baht Stark share scandal. Pichai decided to step down, as revealed by the Ministry of Justice. There’s more to this shakeup than meets the eye. The reshuffling also saw the inclusion of heavyweights like the secretary-general of the Security and Exchange Commission (SEC), the president of the Thailand Federation of Accounting Professions (TFAC), and the president of the Thai Investors Association (TIA), all joining forces under an order signed off on Tuesday by Justice Minister Tawee Sodsong. Somboon Muangklam, an adviser to the minister, dished out the details and it’s becoming quite the saga. This high-powered working group has been charged with dissecting the convoluted lessons learned from the dramatic Stark Corp share fraud, a scandal so profound it’s…
