Nationwide crackdown launched on illegal nominee shareholders and land holdings
Brief details of “Kamnan Nok’s” extensive construction business
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Brief details of “Kamnan Nok’s” extensive construction business
23 Sept 06:40Key points summarised by AI
Praween Chanklai, known as “Kamnan Nok,” operates two construction firms, P. Phatanarungrod and P. Raweekanok, which have secured a vast number of government contracts.
His companies won 1,544 construction projects across 11 provinces, totaling 7 billion baht in value since 2011, with the majority (1,498 projects worth 6.8 billion baht) concentrated in Nakhon Pathom.
These projects primarily involve road building, individually valued between 30 million and 300 million baht, with contracts awarded by various state and local agencies.
Following Praween's arrest for alleged murder, multiple state agencies are now investigating his extensive construction business for potential price collusion or intimidation of competitors in securing these contracts.
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.