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Thai Former Trader Gets 4-Year Jail Term for Online Post on King

A Thai court today sentenced a former equity trader to a four-year jail term for posting information on King Bhumibol Adulyadej’s health that it said caused the stock market to slide in October 2009.

Katha Pajariyapongse, who worked at a brokerage in Bangkok at the time, violated the nation’s Computer Crimes Act for posting content which was “untrue,” according to Bangkok’s Criminal Court. The post affected investor sentiment and resulted in declines in share prices, it said in a statement.