On 26 May 2023, Sarinee Achavanuntakul, a Thai writer and financial academic with expertise in economy, sustainable finance, and good corporate governance, was sued for defamation by Gulf Energy Development, a Thai energy holding company. She faced criminal and civil lawsuits. The lawsuits came after Sarinee posted a message on Facebook alleging that the company may have fraudulently won an independent power producer bid. The post was based on her research and included excerpts from an article that she wrote and published on The Momentum. She intended to explain the power plant monopolies and the rise in electricity costs in Thailand. In the civil lawsuit, Gulf Energy demanded 100 million Baht (approximately $2,749,746) in damages. Both parties later reached a compromise, and the civil and criminal lawsuits were withdrawn.