Exiled Thai Renewables Tycoon Nopporn Suppipat Wins $800 Million UK Ruling
- Nopporn Suppipat alleged he was pressured to sell his shares
- Court says Nopporn can recover the arbitration award money
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The founder of Thailand’s biggest wind power firm can recover more than $800 million over allegations he faced political pressure and was forced to sell his shares at a massive discount after he fled to Europe, a London judge ruled.
Holding companies of Nopporn Suppipat, who started Wind Energy Holding Co Ltd. in 2006, can recover the damages from the industrialist Nop Narongdej, ex-chairman of the KPN Group, as well as a handful of senior managers who betrayed Nopporn in exchange for bribes.