AMLO confiscates assets worth Bt286m from iCon Group

11 Sept 10:49 Key points summarised by AI

The Anti-Money Laundering Office (AMLO) confiscated 286 million baht in assets from iCon Group, though 29 million baht were unfrozen after owners proved their legitimacy.
Investors claiming to be defrauded by iCon Group must file compensation claims with AMLO by February 17 to receive a proportionate share of the unfrozen assets.
The Department of Special Investigation (DSI) will finalize the fraud case this Friday, deciding on indictments for 18 iCon Group executives and associates, including celebrities who claim to be mere employees.
All 18 suspects face charges of defrauding the public and money laundering.

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.