Nationwide crackdown launched on illegal nominee shareholders and land holdings
No clear path to substitute China-made submarine with a frigate
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No clear path to substitute China-made submarine with a frigate
14 Sept 01:51Key points summarised by AI
Thailand's plan to swap a problematic Chinese-made submarine order for a frigate is stalled, facing significant resistance from the Royal Thai Navy and Parliament.
The original submarine deal is troubled by the Chinese manufacturer's failure to secure the stipulated German engine, leading to the government's proposal for a more expensive, functionally different frigate substitute.
The Defense Ministry faces scrutiny over the lack of transparency regarding the agreement's terms, citing a need for China's consent to disclose details, while constitutional questions arise over parliamentary approval for any changes.
Confusion persists as military experts suggest the frigate swap idea originated from the government, not the navy, which reportedly was prepared to accept a Chinese engine for the submarine or had separate plans for frigate acquisition.
With over 7 billion baht already paid for the delayed submarine, the proposed frigate swap raises concerns over additional costs, operational suitability, and potential compensation claims against China for contract breaches.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Yesterday 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.