Thanachart Capital PCL terminated Somkiat Sukdheva as a director on its board, effective June 12.

The termination came after the Stock Exchange of Thailand and the country's Securities and Exchange Commission made accusations against Somkiat Sukdheva, which were submitted to the Department of Special Investigation.

As a result of the accusations, Somkiat Sukdheva was prohibited from being a director or executive in any listed company on the Stock Exchange of Thailand.

The company did not disclose the allegations made against Somkiat Sukdheva.