Nationwide crackdown launched on illegal nominee shareholders and land holdings
PEA ready to cut power to Myanmar border towns
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PEA ready to cut power to Myanmar border towns
19 Sept 07:00Key points summarised by AI
Thailand's Provincial Electricity Authority (PEA) has threatened to cease supplying power to Myanmar border towns if activities there impact Thai national security.
This potential cut responds to public calls to weaken scam operations reportedly based in these towns.
PEA currently supplies electricity to several Myanmar locations via subsidiaries and sub-contractors, operating under a 1996 cabinet resolution.
The PEA awaits a definitive decision from Thai security authorities and the government to proceed, with a meeting scheduled for early February to discuss the issue.
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.