Nationwide crackdown launched on illegal nominee shareholders and land holdings
Saksayam Chidchob: Will share concealment verdict halt political comeback king?
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Saksayam Chidchob: Will share concealment verdict halt political comeback king?
20 Sept 09:43Key points summarised by AI
Saksayam Chidchob was found guilty by the Constitutional Court of concealing his stake in a construction company, leading to his removal as transport minister and a two-year political ban.
Despite this latest setback, and a history of previous political bans (2007) and scandals (COVID-19 club incident), Saksayam is characterized as a formidable 'political survivor'.
His strong political networking skills and deep connections to the influential Chidchob family, including a brother who is a current minister, significantly increase his likelihood of returning to power.
Insiders view the verdict as merely another obstacle in his long political career, suggesting his political resilience and deep roots will enable an eventual comeback.
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.