Pipat defends son's stock trading amid Sirichok's claims
Deputy PM Pipat Ratchakitprakarn defends his son's company stock trading following allegations by former MP Sirichok Sopha regarding Shuffle money flows.
Stock photo for illustration only, not from the actual event
- Pipat responds to Sirichok's allegations linking a Shuffle money trail to his son's firm.
- He asserts that the stock transactions follow normal procedures under SEC authorization.
- Company executives are expected to provide a formal public clarification next week.
- Pipat dismisses the accusations as politically motivated following recent election losses.
On October 23, 2026, in front of the Equestrian Statue of King Chulalongkorn at the Royal Plaza in Dusit, Deputy Prime Minister and Minister of Transport Pipat Ratchakitprakarn addressed the press regarding recent political controversy. Former Democrat Party MP Sirichok Sopha had publicly alleged that a money trail from the Shuffle platform was connected to Pipat's son's company.
Regarding this matter, Pipat stated that he prefers the company itself to issue an official clarification. He emphasized that the business is duly registered and operates legally within the stock market, meaning any financial transactions should be addressed directly by the corporate management team.
Pipat also raised questions regarding the origin of the data presented by Sirichok, suggesting that the information likely originated from the Securities and Exchange Commission (SEC) rather than independent investigative work. He anticipated that company executives would be ready to clarify all details to the public within the following week.
"It is a normal trading process, not just for Maxbit, but also Bitkub and several other digital currencies that have received licenses from the SEC."
Pipat Ratchakitprakarn
Stock photo for illustration only, not from the actual event
When reporters asked whether the stock trading was conducted normally, Pipat reaffirmed that all transactions followed standard regulatory procedures in the stock market. He cited other digital asset platforms holding legitimate licenses from the SEC, such as Maxbit and Bitkub, alongside various other cryptocurrencies operating in the sector.
From an analytical perspective, political disputes involving financial trails and the business interests of high-profile politicians often serve as instruments for scrutiny and leverage. Insisting on official clarifications through corporate channels and regulatory bodies like the SEC remains a crucial step in upholding legal transparency amidst intense political rivalry.
Concluding his remarks, Pipat made a pointed comment regarding Sirichok's political standing, suggesting that raising such allegations might stem from consecutive electoral defeats in constituencies under Pipat's supervision, potentially serving as an attempt to regain public attention.
Source: Khaosod Politics
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