Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thai Army lifts boycott on Lazada online shopping platform
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Thai Army lifts boycott on Lazada online shopping platform
14 Sept 01:49Key points summarised by AI
The Royal Thai Army (RTA) lifted its boycott on Lazada, initially imposed on May 9th due to a TikTok promotional video deemed offensive to the monarchy and disabled people.
Army Commander-in-Chief Gen Narongpan Jitkaewtae ordered the lifting after the controversial case entered the judicial process, aligning with efforts to relax restrictions and normalize business operations.
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.