iCon Group CEO held on remand, did not apply for bail

13 Sept 06:14 Key points summarised by AI

iCon Group CEO Waratphol Waratvorakul was remanded for 12 days, joining 17 colleagues, on charges of defrauding the public and computer crimes for allegedly operating a Ponzi scheme.
Approximately 250 more investors have filed complaints, claiming losses up to a million baht each in membership fees and advertising for iCon Group.
A political development emerged as a party secretary-general proposed removing deputy spokesman Samart Jenchaichitvanich, accused of demanding payment from iCon Group to clear their case, as heard in an audio clip.
Samart has refused to resign voluntarily, with his potential removal from the party requiring executive committee consent scheduled for October 29th.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.