Nationwide crackdown launched on illegal nominee shareholders and land holdings
Rumours of department store closure causes rush of bargain hunters
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Rumours of department store closure causes rush of bargain hunters
14 Sept 02:37Key points summarised by AI
Online rumours of Tang Hua Seng department store's Thon Buri branch closing permanently triggered a rush of bargain hunters seeking close-out deals.
The store clarified it is only temporarily suspending business due to an unpaid electricity bill, not closing for good, and is actively negotiating with potential new investors to resume operations.
Employees protested, demanding compensation for the temporary closure and claiming unpaid salaries since last year, stating they received inadequate notice of the suspension.
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.