2023-11-25 16:05:52
JKN Group submits a clarification letter to the SEC to clarify the TCG social media issue. Sued for damages worth 1 billion baht for embezzlement
After on November 24, 2023, TCG Social Media Group Company sent a letter inviting the media to attend a press conference held by the company. Sued for damages from JKN Global Group Company in the amount of 1 billion baht, as previously reported.
On that same day, Ann Chakkraphong Chakrajutatib The Chief Executive Officer and Managing Director of JKN Global Group Company or JKN also submitted a letter to the Stock Exchange of Thailand. To the issue of being sued this time The details are stated as follows:
According to the Stock Exchange Request the company to clarify additional information in the notes to the financial statements for the 3rd quarter of 2023. The company would like to clarify the facts as follows.
On September 25, 2023, TCG Social Media Group Company Limited (plaintiff) filed a lawsuit accusing the company (defendant no. 1) and the managing director (defendant no. 2). The plaintiff filed a lawsuit accusing the defendant of having committed Criminal offenses and charges of defamation through and the Computer Act
It is alleged that the two defendants posted defamatory messages to the plaintiff via online media. Concerning the fact that the plaintiff was issued a false Miss Universe Coin, causing the plaintiff to suffer damages.
The plaintiff attached evidence of the agreement. A translation accompanied the complaint and explained that binding signatures had been signed with both defendants regarding the issuance of the coins. The plaintiff requests damages in the amount of 1,000 million baht, with the court scheduling a preliminary hearing on December 18, 2023.
In this regard, the company’s management is of the opinion that the company and the second defendant have announced a message to warn the public and investors. This is an honest action and is for the public benefit.
Therefore, it is considered that this is an exception according to the law and does not make the defendant’s actions an offense as the plaintiff has filed a lawsuit with the court. The company is of the opinion that the possibility of damage is still uncertain. Therefore, there is no estimation of damages that may occur in the financial statements.
However, because the court The charges will not be accepted until the preliminary investigation is complete. And it will take effect when the court orders that the case has sufficient grounds to be considered. And because the impact has not yet been clearly concluded. The Company has not yet set an estimate of the damages that may occur in the said financial statements.
The company is confident in preparing the information it will provide to the court. and believe that the company will proceed with this matter successfully If there is progress, the company will inform everyone through the information dissemination system of the Stock Exchange.
Picture from: JKN
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