Nationwide crackdown launched on illegal nominee shareholders and land holdings
Ashton Asoke owner can apply for new construction permit
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Ashton Asoke owner can apply for new construction permit
13 Sept 11:55Key points summarised by AI
The Bangkok Metropolitan Administration will revoke the Ashton Asoke condominium's construction permit, as mandated by the Supreme Administrative Court.
Despite the revocation, the condominium owner, Ananda Development, retains the option to apply for a new construction permit from City Hall.
The court's ruling stems from the condominium's illegal use of land expropriated by the MRTA for the Blue Line train project, which cannot be repurposed for private access.
To secure a new permit, Ananda Development must acquire a new, compliant plot of land at least 12m wide for road access, and is reportedly offering attractive prices for adjacent land.
Ananda Development's CEO is scheduled to meet with the Bangkok Governor and MRTA's governor to discuss solutions and mitigate impacts on the project and residents.
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.