42,000 shares in media firm ITVMr Pita was accused of violating the constitution, which prohibits individuals from running in an election of Members of the House of Representatives if they are shareholders of any newspaper or mass media business.
In the video clip, shareholder Panuwat Kwanyuen asked chairman of ITV’s board of directors Kim Siritaweechai whether the company has any operation related to media or television. ITV officially began broadcasting in 1996. It lost the right to use the frequency for broadcasting in 2007 after the Office of the Prime Minister revoked its concession agreement.
Mr Chaithawat said ITV’s product and service were previously defined as “not operational due to a pending legal case”. Following reports of the discrepancies, ITV’s major shareholder Intouch Holdings released a statement to inform the Stock Exchange of Thailand that it will investigate the matter. If he is found to have violated the constitution due to the ITV shares, his race for the premiership could be affected.
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