Bai Lu meet-and-greet cancelled days after China’s safety warning
Speculation growing over merger between Bhumjaithai and Kla Tham parties
Justice Minister accepts online Forex-3D trading scheme as a special case
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Justice Minister accepts online Forex-3D trading scheme as a special case
13 Sept 13:45Key points summarised by AI
Thailand’s Justice Minister Somsak Thepsuthin designated the alleged Forex-3D online trading scheme as a special case for investigation by the Department of Special Investigation (DSI).
Thousands of investors, lured by promises of 10% monthly returns, have been unable to withdraw their money after the company ceased payments, with total investments estimated in the billions of baht.
Over 2,000 complaints, accounting for 411 million baht, have already been registered with the DSI, underscoring the widespread impact of the alleged Ponzi scheme.
The company reportedly leveraged several celebrities to promote its 'online Forex-3D' scheme, enhancing its perceived legitimacy among potential investors.
Speculation growing over merger between Bhumjaithai and Kla Tham parties
Today 16:46Key points summarised by AI
A dinner between Bhumjaithai and Kla Tham party leaders sparked rumors of a potential merger, though Bhumjaithai's leader, Anutin, downplayed it as a casual meal.
The meeting is widely interpreted as a strategic message from Bhumjaithai to the Pheu Thai party, signaling alternative support ahead of an upcoming no-confidence debate.
Thailand's Constitution (Section 99) currently prohibits direct mergers of parties with sitting MPs during the House's term, a rule designed to prevent the 'buying and selling' of MPs.
While direct mergers are restricted, MPs can still switch parties if dismissed by a three-fourths party vote or if their party dissolves, allowing for indirect political realignments.
Kla Tham's voting behavior in the censure debate will demonstrate its loyalty to the government, potentially influencing future political dynamics despite current merger restrictions.