Nationwide crackdown launched on illegal nominee shareholders and land holdings
Krungthep Thanakom claims BTS contract for Green Line extension services is illegal
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Krungthep Thanakom claims BTS contract for Green Line extension services is illegal
2 Oct 17:16Key points summarised by AI
Krungthep Thanakom (KT) informed the Administrative Court that its previous administration lacked the authority to hire BTS for Green Line extensions, declaring the contract illegal.
KT asserts that only the Ministry of Interior has the legal power to contract private entities for train services, rendering their agreement with BTS null and void.
This declaration emerges as BTS sues KT and the Bangkok Metropolitan Administration (BMA) for 10.6 billion baht in accumulated debt for operating the disputed Green Line extensions.
KT argues the contract is invalid as it usurped the Ministry of Interior's authority and prevented fair competition among other private entities.
The new evidence supports KT's appeal against a previous Administrative Court ruling that ordered them to pay BTS the outstanding debt.
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.