Nationwide crackdown launched on illegal nominee shareholders and land holdings
Over 100,000 borrowers seek help to settle informal debts
AI In-Brief
Thailand News in Brief
Thai PBS World
Thailand and the world, every day
AI can make mistakes. Please double-check.
Over 100,000 borrowers seek help to settle informal debts
17 Sept 21:24Key points summarised by AI
Over 105,000 borrowers have registered for government assistance to address informal debts since December, with applications open until March 31st.
Authorities have successfully mediated debt settlements for 224 borrowers, reducing their collective debt from 133.5 million baht to 44 million baht.
A significant majority (92,235) of applicants utilized the online system, identifying 76,223 informal money lenders in the process.
Bangkok received the highest number of applications for assistance, while Nakhon Sawan recorded the most cases settled through mediation.
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.