On December 25, 2025, JKN Global Group’s rehabilitation petition was dismissed, leading to asset freezes for 180 days due to fraud and false financial disclosures, affecting multiple individuals.
Bangkok, 25 December 2025 – Reference is made to today’s announcement by the Court of Appeals for Specialized Cases regarding the dismissal of the petition for business rehabilitation submitted by JKN Global Group Public Company Limited (JKN). As a result, the company is no longer eligible to undergo business rehabilitation under the Bankruptcy Act.
Consequently, pursuant to Section 267 of the Securities and Exchange Act B.E. 2535 (1992), the Securities and Exchange Commission Board has passed a resolution approving the freezing of assets of JKN, as an offender, for a period of 180 days, in connection with the disclosure of false, material information related to fraud and fabrication of the company’s financial statements. Previously, the SEC ordered the freezing of assets belonging to four other offenders in this case: (1) Mr. Jakkaphong Jakrajutatip, (2) Ms. Pimauma Jakrajutatip, (3) Ms. Pitsamai Hangthaisong, and (4) Ms. Kamolrat Mongkolkrut*.
Note:
- SEC News No. 333/2025 headlined: SEC expands investigation and files criminal complaints against 12 individuals for JKN financial fraud and insider trading, freezing assets and banning four individuals from leaving country, released on 25 December 2025: https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=12375
