Singer-actor Rattapoom “Film” Toekongsap, as president of Payall Group, was given a two-year suspended jail term and fined Bt50,000 on Thursday for his role in operating e-Money services without a proper licence.
Rattapoom, 33, along with two other executives of the group, Thanet Jattawapornvanich, 43, and Poomipat Prasertwit, 38, were each initially sentenced to a one-year imprisonment and a Bt100,000 fine.
The court initially halved the punishment to a six-month jail term and a Bt50,000 fine due to their confession during trial.
The court then further reduced that punishment for each of the three men to a two-year suspended jail term and a Bt50,000 fine and 24 hours of social service, to give them a chance to turn over a new leaf. Payall Group was also fined at Bt100,000.
Public prosecutors filed the lawsuit against the Payall Group and authorised signatory directors Saravuth Nonthapa, Rattapoom, Thanet, and Poomipat for operating e-Money services without a proper licence from October 2016 to February 2017.
The four defendants were in court to hear the verdict.