THG Chairman banned from holding an executive post for 42 months

13 Sept 19:55 Key points summarised by AI

Thailand's SEC banned Thonburi Healthcare Group (THG) Chairman Dr. Boon Vanasin for 42 months and fined him 2.3 million baht.
The ban and fine are for alleged share price manipulation, specifically disseminating false information about THG procuring Pfizer mRNA vaccines.
Dr. Boon's claims, later refuted by Pfizer and government agencies, caused THG's share price to surge then fall, impacting investors.
The 42-month executive ban is contingent on Dr. Boon accepting the financial sanction; otherwise, the SEC will pursue legal action.

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.