AG to decide if STARK money laundering case is extra-territorial

Thansettakij•Economy•15h ago

Reader Briefing

The Department of Special Investigation has submitted a second STARK money laundering case file to the Attorney General to determine if it is an extra-territorial offense.

•The Department of Special Investigation (DSI) submitted a second case file involving money laundering related to STARK Corporation.
•The case involves the siphoning of over 743 million baht by former CFO Sarath Jantrasethalert.
•A legal dispute exists between the DSI and prosecutors over whether the case is domestic or extra-territorial due to funds being transferred to Singapore.
•The Attorney General must make the final decision on the legal jurisdiction to prevent the suspects from using it as a defense.

Overview

•The Department of Special Investigation submitted a second case file to the Office of the Attorney General accusing Sarath Jantrasethalert and 8 others of money laundering.
•Sarath Jantrasethalert is accused of siphoning over 743 million baht from STARK Corporation and transferring funds through multiple accounts to a bank in Singapore.
•On August 16, 2026, Dr. Watcharin Phanurat revealed the case status after receiving the case file.
•The Department of Special Investigation views the case as domestic, while the Office of the Attorney General and the Office of Investigation view it as an extra-territorial case.
•If the case is domestic, the Department of Special Investigation has investigative power; if extra-territorial, only the Attorney General has the power to order the case.
•The first STARK case involving 12 defendants, including Vanarat Tankaravakoon, is currently in the witness examination stage at the Criminal Court.
•The first STARK case caused damages to common shareholders and bondholders totaling over 38,000-40,000 million baht.
•The Office of Investigation will propose the matter to the Attorney General for a final ruling on the legal interpretation.

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Source: Thansettakij (Original)

Key Entities

Person

Sarath Jantrasethalert(ศรัทธา จันทรเศรษฐเลิศ)

Former CFO of STARK and the primary suspect in the second money laundering case.

Watcharin Phanurat(วัชรินทร์ ภาณุรัตน์)

Director General of the Office of Investigation.

Vanarat Tankaravakoon(วนรัชต์ ตั้งคารวคุณ)

Former executive and major shareholder of STARK and a defendant in the first case.

Chanin Yensudjai(ชนินทร์ เย็นสุดใจ)

Former Chairman of STARK and a defendant in the first case.

Kittisak Jitprasertngam(กิตติศักดิ์ จิตต์ประเสริฐงาม)

Former executive and a defendant in the first case.

Chinawat Assavaphokee(ชินวัฒน์ อัศวโภคี)

Former director and a defendant in the first case.

Yasabovorn Amrit(ยสบวร อำมฤต)

Former executive/official and a defendant in the first case.

Nataya Prabphet(นาตยา ปราบเพชร)

Former finance department employee and defendant in both the first and second cases.

Phuwadet Khananurak(ภูวเดช คณานุรักษ์)