A Bangkok court said on Wednesday that it had issued an arrest warrant for Anne Jakkaphong Jakrajutatip whose current whereabouts are unknown.
The Miss Universe competition has been overshadowed by more legal drama as another co-owner faces charges of fraud in Thailand, just days after the latest pageant ended.
The Miss Universe pageant, which once belonged to US President Donald Trump, has been owned by Thai mogul Anne Jakkaphong Jakrajutatip and her company, JKN Global, since 2022.
Jakrajutatip is wanted in Thailand after she failed to attend the Bangkok court hearing this week over a 30 million baht (US$930,000) legal dispute with an investor.
The Bangkok South District Court said on Wednesday that it had issued an arrest warrant for Jakrajutatip whose current whereabouts are unknown.
According to the Associated Press, Jakrajutatip and JKN Global have been facing major balance sheet problems since 2023 when the company began to default on payments to investors.
The company filed for rehabilitation with the Thai bankruptcy court in 2024 and reportedly owes about 3 billion baht (US$92.63 million).
Earlier this year, Jakrajutatip and JKN Global were sanctioned by Thailand's Securities and Exchange
Commission (SEC) for publishing "false or misleading information" in the company's financial statements,
and were refined 4 million baht (US$124,000).
The SEC statement said JKN Global did not fully disclose to investors that it signed an October 2023 agreement to sell 50% of shares in the Miss Universe pageant to a Mexican businessman, Raúl Rocha Cantu and his company, Legacy Holdings Group USA Inc.
Rocha Cantu has been charged by Mexico's Attorney General's office on allegations of involvement in the trafficking of drugs, weapons and fuel between Guatemala and Mexico.
comments powered by Disqus
All feeds
