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Bangkok Air stock hit by price manipulation scandal

Bangkok Dusit Medical shares also down as tycoon says he will fight for his innocence

Thai authorities said that Bangkok Airways shares were manipulated between Nov. 13, 2015 and Jan. 12, 2016, causing a 22.5% spike over the period. (Photo by Kosaku Mimura)

BANGKOK -- News of the resignation of Thai billionaire Prasert Prasarttong-osoth from the position of CEO of Bangkok Dusit Medical Services and vice chairman of Bangkok Airways over share manipulation charges hit the stocks of both companies on Monday.

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