Nationwide crackdown launched on illegal nominee shareholders and land holdings
Monkey business and the battle over Thailand's multibillion-baht coconut industry
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Monkey business and the battle over Thailand's multibillion-baht coconut industry
21 Sept 23:49Key points summarised by AI
PETA's Accusations Trigger Retailer Backlash: PETA condemns the use of "enslaved monkeys" in Thailand's coconut industry, prompting major US retailers, including Walmart, to remove products from brands like Chaokoh.
Thailand Denies Industrial Monkey Labor: Thai authorities and major producers vehemently deny using monkey labor for industrial coconut exports, asserting that such practices are limited to traditional community life and not large-scale operations.
Inspections and Pledges Counter Claims: Theppadungporn Coconut Plc, a key producer, has commissioned independent inspections that found no evidence of monkey labor, while over 1,000 farmers have signed pledges against its use.
Cultural Tradition vs. Export Standards: The debate highlights a clash between a century-old Thai tradition of monkey-assisted harvesting and international animal welfare concerns impacting the country's multibillion-baht coconut export market.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 15:20Key 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.