AQ to Appeal against KTB after Civil Court Dismisses Allegation for Misrecording Statement

AQ Estate Public Company Limited (SET: AQ) has announced that the court dismissed its civil lawsuit against Krungthai Bank Public Company Limited (SET: KTB) on an allegation of misrecording its payment in a financial statement.

AQ claimed that the proceeds received from the auction of the secured land, in the amount of 3,898.70 million baht, be recorded as damages in the case of the Supreme Court’s Criminal Division for Persons Holding Political Positions that KTB recorded as interest income.

AQ stated that it will respond with an appeal to the court as the committee agreed to wait for the result of filing an appeal for this civil case.