FA Thailand to sue former executives over Bt360 million loss

12 Sept 00:54 Key points summarised by AI

FA Thailand's board voted to sue former president Pol Gen Somyot Poompanmuang and his executive team for alleged mismanagement.
The legal action follows a Supreme Court order for FA Thailand to pay Siam Sports Syndicate Bt360 million in compensation for breaching a live broadcast copyright contract.
Incumbent president Nualphan Lamsam called the urgent meeting and also launched a public fundraising campaign, "Thai People Love Thai Football," to help cover the compensation and support national teams.

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.