Arrest warrants for three top executives of iCon Group

13 Sept 12:27 Key points summarised by AI

Arrest warrants are expected for three iCon Group executives following complaints from 200 investors claiming 70 million baht in losses.
Executives face potential charges including operating unregistered businesses, defrauding the public, and Computer Crime Act violations.
Celebrities who promoted iCon Group products, like Pakorn Chatborirak, could also face legal action, though some claim they were only presenters.
iCon Group's CEO announced a new center to address investor losses and has removed a billboard featuring celebrity presenters.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key 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.