InfoAnda - Thai police arrest two people in stock rumor probe

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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Thai police arrest two people in stock rumor probe Sun Nov 1, 2009 9:06am EST Email | Print | Share | Reprints | Single Page [-] Text [+] BANGKOK (Reuters) - Police in Thailand arrested two people on Sunday on suspicion of spreading rumors about the health of the country's 81-year-old king that triggered a slide in stock prices, police said. The two were charged with "feeding untrue information through a computer system which undermined the security of the nation," said Capt. Suttichai Tienbhodhi of the Crime Suppression Division in Bangkok. Thai stocks plunged a combined 7.2 percent on October 14-15 as rumors circulated over the health of King Bhumibol Adulyadej, who has been in hospital for more than a month, before rebounding 3.5 percent the following day. Teeranun Wipuchanin, a 43-year-old unemployed former stock trader arrested at Bangkok's Suvarnabhumi Airport, said she had translated a news story by U.S.-based financial news and data provider Bloomberg LP. "What I've done was translating documents from foreign media Bloomberg," she told reporters after her arrest. "I got it from Internet," she added. "Everybody on that day wanted to know what caused the market to fall. The stock market had already dropped and we did the translation in the evening." It was not clear for whom she provided the translation. Police also arrested Kata Pajajariyaponga, 35, an employee of Thai stock broker KT Zmico Securities. They were charged under the 2007 Computer Offence Act covering the posting of false computerized information that causes harm to national security and the public. They face up to five years in jail and a 100,000 baht ($3,000) fine if convicted. CONTINUING INVESTIGATION Strict lese majeste and national security laws in Thailand make comment on royal matters risky. The king, the world's longest-reigning monarch, is regarded as semi-divine by many of the country's 63 million people. His health is a sensitive topic in financial markets because he is seen as the sole unifying figure in a politically polarized country with a long history of coups and upheaval. The king was admitted to hospital on September 19 with a lung infection and fever and has been seen only once in public since then, on October 23, when he visited royal monuments in the hospital grounds. The palace has said he is recovering. Police said last week they may charge four or five people suspected of spreading rumors about the king's health. The Securities and Exchange Commission has said it is seeking trading information on two accounts from two foreign brokers, Credit Suisse in Hong Kong and UBS in Singapore, in connection with the market plunge and was also looking at one domestic account. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Madoff documents reveal incredulous, unfocused SEC Stasi files still cast a shadow 20 years later Opened to the public after the Berlin Wall fell, the East German secret police files have exposed a web of betrayals in which millions of Germans provided reports on friends, family and lovers. 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More News UPDATE 1-Thai police may make arrests over stock rumours Thursday, 29 Oct 2009 05:22am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours Slideshow Most Popular on Reuters Articles Video Madoff documents reveal incredulous, unfocused SEC Palestinians accuse U.S. of killing peace prospects Thousands line up for last Big Mac in Iceland | Video Nine U.S. banks seized in largest one-day haul Somali pirates move British couple inland China survey suggests sustained industrial expansion Irish turn out for apparition, defying church plea Delaware beats Switzerland as most secretive financial center Stasi files still cast shadow, 20 years after Berlin Wall fell Simple Afghan mission turns deadly for U.S. soldiers | Video Most Popular Articles RSS Feed Video Transsexuals descend on Thailand Top mafia fugitive arrested Tree house man lives off the land Kidnapped priest appears in video Skydivers in Everest jump Filipinos assess typhoon damage Typhoon Mirinae hits the Philippines Russians flock to see 'miracle' baby Inventor makes water out of air 7-month streak ends Most Popular Videos RSS Feed Afghanistan and Pakistan Simple mission turns deadly in Afghanistan Some 20 U.S. soldiers were sent to patrol a riverbed in the dead of night and provide backup in an insurgent hotbed. Less than 12 hours later, seven of them were dead. Full Article Obama war strategy review nears end Video: Obama marks arrival of dead Factbox: Security developments Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Journalism Handbook | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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