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News Forum - Stark Corp uncovers 15.6 billion baht irregular transactions amid accounting scandal


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Stark Corp, a Thai-based company specialising in industrial cables, discovered a staggering 15.6 billion baht (US$426 million) worth of irregular transactions across its divisions, following a mandated special investigation. The transactions were identified after the firm was rocked by an accounting scandal and subsequent debt defaults. Stark’s cable-manufacturing subsidiary, Phelps Dodge International (Thailand) Ltd, incurred … …

The story Stark Corp uncovers 15.6 billion baht irregular transactions amid accounting scandal as seen on Thaiger News.

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