Nationwide crackdown launched on illegal nominee shareholders and land holdings
Thailand faces chaos from Jagat coin hunt
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Thailand faces chaos from Jagat coin hunt
10 Sept 17:09Key points summarised by AI
Thai police issue warnings across major provinces as the Indonesian 'Jagat Coin Hunt' app prompts users to trespass on private properties while searching for virtual coins redeemable for real cash.
Authorities are investigating the app for potential legal violations, expressing concerns about threats to life, property, and public order in areas like Phuket, Bangkok, and Chiang Mai.
Players risk severe penalties, including up to five years in jail and hefty fines, if caught trespassing, with incidents of property damage and unauthorized entry already reported in Thailand and Indonesia.
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.