Two loan sharks face 430 million baht in back income taxes

Two loan sharks face 430 million baht in back income taxes

14 Sept 01:41 Key points summarised by AI

The Department of Special Investigation (DSI) is pursuing two major loan sharks, Mrs Vilaiporn Thai-ngam and Mr Thanet Maleethong, for approximately 430 million baht in unpaid personal income taxes.
The money lenders are accused of charging exorbitant interest rates and seizing land title deeds from defaulting debtors, causing widespread hardship.
DSI investigators discovered the pair had evaded personal income taxes since 2007, prompting the use of taxation as a punitive measure against their illicit gains.
This strategy of using taxation to combat illegal money lending will be extended to other major loan sharks in different provinces, signaling a new approach by the DSI.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.

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