Investors suffering losses in iCon Group can now claim refunds

14 Sept 19:33 Key points summarised by AI

The Anti-Money Laundering Office (AMLO) is inviting victims of iCon Group's direct marketing scam to file for refunds online by February 17.
Thousands of investors claim they were duped into a pyramid scheme, being told to recruit new investors rather than sell products.
AMLO has impounded several hundred million baht in assets belonging to iCon Group and its executives, who are currently on remand.
Victims may be entitled to further refunds if additional assets are seized by the Department of Special Investigation (DSI).

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.