Investor bondholders were once again shaken by rumors that Ann Jakrapong Jakrajutatip, former CEO of JKN, has disappeared abroad and is accused of transferring assets worth several billion baht out of the country to Mexico.
Additionally, her Instagram was abruptly closed (before reopening on 24 Nov 2023), prompting many investors to question whether these developments might affect bondholders, especially since JKN's default issues remain unresolved and the company is still undergoing business rehabilitation.
These ongoing uncertainties compel us to revisit the fundamental question: “What type of bonds should we choose?” After recently experiencing cases like STARK and THG, what should investors do if such adverse events happen repeatedly?