Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thai legal profession facing ethics crisis after high-profile embezzlement scandal
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Thai legal profession facing ethics crisis after high-profile embezzlement scandal
10 Sept 20:11Key points summarised by AI
The Thai legal profession is grappling with an ethics crisis following the high-profile arrest of celebrity lawyer Sittra Biabungkerd for allegedly embezzling over 100 million baht from a wealthy client.
Media mogul Sondhi Limthongkul has pressured the Lawyers Council of Thailand (LCT) to investigate Sittra and his ally, lawyer Decha Kittivittayanan, for breaching ethical guidelines and making false accusations.
In response, the LCT's Legal Etiquette Committee has launched an official investigation into the accused lawyers, with findings expected within 30 days, underscoring the council's commitment to upholding professional standards.
This scandal brings to light a broader issue within the profession, as the LCT has already conducted 274 ethics investigations this year, resulting in 18 lawyers being expelled and 39 suspended for misconduct.
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.