BANGKOK, April 2 (Bloomberg): Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies -- South-East Insurance Pcl and Thai Insurance Pcl -- controlled by billionaire Charoen Sirivadhanabhakdi.
The firms were in serious financial trouble, which could have damaged their clients and the wider public, the Office of Insurance Commission said in a statement late Friday (April 2).
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