CEO Anne was officially sued for being involved in a sensitive issue. Where will the future of Miss Universe go?

Recently, female billionaire Anne Jakrakutatip has been constantly in trouble. On August 31, the Bangkok Post reported that JKN's shares plummeted after Anne failed to pay a bond worth 609 million baht.

Recently, Thai media reported that female billionaire Anne Jakrakutatip - owner of Miss Universe was sued by TCG Social Media Group and asked for 1 billion Baht in compensation for providing false information related to the issue of the Miss Universe cryptocurrency issuance. Universe.

On September 22, the Miss Universe organizing committee posted a notice, warning of the appearance of a coin named Miss Universe on the market and signs of fraud.

"It has come to our attention that a Miss Universe coin was introduced at the Philippine Blockchain Week. The Miss Universe Organization and JKN Global Group are not involved in any way and will take legal actions to handle this violation," the organizers announced.

The organizers affirmed that there are currently no Miss Universe cryptocurrencies on the market and these products are not related to the election or voting process at the Miss Universe pageant.

However, Thailand Times reported that TCG Social Media Group and Mr. Khajonyot Chariyama - the lawyer in charge of the case - filed a lawsuit against Ms. Anne, demanding 1 billion Baht in compensation for causing damage to this organization's business.

TCG Social Media Group said that the plan to issue virtual currency Miss Universe Coin was signed by Ms. Anne Jakrajutatip - representative of JKN Global Group with TCG Social Media Group on June 30.

TCG Social Media Group affirmed that the two sides have mutually agreed to create Crypto currencies in the form of electronic money and use them legally with the name Miss Universe Coin or MUCoin.

The two sides had a meeting to jointly plan the event and TCG Social Media Group has evidence of the meeting, as well as documents to inform about work progress.

Regarding the incident, the current Miss Universe Philippines - Michelle Marquez Dee - also had her reputation affected because she appeared at the Philippine Blockchain Week event as a guest.

The Miss Universe Philippines organizing committee immediately issued a statement saying that Michelle Marquez Dee only attended the Philippines Blockchain Week and was not involved in the Miss Universe coin issuance.

Philippine beauty fans are worried that this noisy incident will affect Michelle Marquez Dee's reputation as she prepares to compete in Miss Universe 2023 in El Salvador at the end of the year.

Recently, female billionaire Anne Jakrakutatip has been constantly in trouble. On August 31, the Bangkok Post reported that JKN's shares plummeted after Anne failed to pay a bond worth 609 million baht. This is the first payment in 7 installments with a total debt of up to 3.36 billion baht. News about the company's liquidity problems caused JKN shares to drop sharply.

JKN plans to meet with bondholders on September 29 to ask for their approval to delay debt repayments. However, Ms. Anne said negotiations with many different partners have so far not achieved the results the company expected.

The JKN case is the third case this year of default or potential default, following trouble at All Inspire Development (ALL) and Stark Corporation - which later became a criminal case. If negotiations fail, Miss Universe's owner's company must declare bankruptcy.

Previously, after taking control of Miss Universe, Ms. Anne implemented a series of strong reforms. These reforms are said to be the commercialization of the competition to make a profit.

Most recently, Ms. Anne and JKN Group launched bottled water and facial care products and many other products under the Miss Universe brand. However, the business of these products is said to show no positive signs.

Many events occurred in the context that the JKN group of female billionaire Anne Jakrakutatip - owner of Miss Universe - is facing a debt default crisis after its stocks plummeted. Besides, many fans are worried about the upcoming Miss Universe 2023 contest.

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