Nationwide crackdown launched on illegal nominee shareholders and land holdings
Court ruling to imprison NBTC member a threat to consumer protection, regulatory oversight
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Court ruling to imprison NBTC member a threat to consumer protection, regulatory oversight
14 Sept 08:34Key points summarised by AI
NBTC member Pirongrong Ramasoota was sentenced to two years in prison for allegedly abusing her power to harm True Digital Group while addressing a consumer complaint about OTT service ads.
Legal experts and critics question the ruling's rationale, arguing it lacks concrete evidence of dishonest intent and criminalizes efforts to protect consumer interests.
The verdict sparks fears of regulatory capture and a chilling effect on oversight, potentially deterring officials from safeguarding public interest against powerful corporations.
The case, labeled by some as a SLAPP suit, highlights the urgent need for clear regulation of OTT services and has prompted public outcry over its implications for consumer protection.
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.