"The SEC has yet to receive all required documents from overseas. If the probe reaches a conclusion, we will announce the result later," SEC secretary-general Thirachai Bhuvanat-naranubala said in a statement.

Democrat Party deputy leader Korn Chatikavanij had asked the SEC for an update on a probe launched after allegations that Win Mark could have been the prime minister's personal trust fund, set up to take and hide profits from the 1997 baht devaluation as well as to facilitate his family's share transactions.

In 2000, Thaksin said he had sold to Win Mark shares in three property companies - OAI Property, PT Corp and SCK Asset - for a combined Bt906 million.

However, the Democrats claimed Win Mark had sold shares in OAI Property to Value Asset Fund Ltd Malaysia (VAF) in 2003, and three weeks later VAF had sold the shares to Overseas Globe Fund (OGF) and Offshore Dynamic Fund Inc (ODF).

Additionally, in 2003, VAF transferred the right to buy 70 million new shares of OAI, which had recently been renamed SC Asset Corp Plc, at Bt10 par value to Thaksin's daughter Pinthongta.

Korn said the Democrats would like the SEC to make clear if Thaksin's family is a shareholder of OGF and ODF before the upcoming general election.

Referring to the Shin Corp Plc case, he said the SEC should not stop its probe just because UBS Singapore had said it made a mistake in reporting that transferred shares from Ample Rich to Thaksin's daughters Pinthongta and Panthongtae occurred in the stock market.

Meanwhile, Advanced Info Service Plc CEO Somprasong Boonyachai yesterday denied the Commerce Ministry investigation into the role of Kularb Kaew Co Ltd in the controversial Shin takeover had affected the operation of AIS or its subscribers.

Siriporn Chanjindamanee

The Nation