Gold trading firm accused of billion-baht fraud

13 Sept 00:06 Key points summarised by AI

A gold trading firm, SCT, faces accusations from about 20 investors, primarily small gold shop-owners, of defrauding them out of approximately one billion baht in gold ingots and cash.
SCT enticed investors with offers of buying gold at higher-than-market prices or selling at lower prices, then abruptly closed its Bangkok and Nakhon Ratchasima offices, rendering its management unreachable and leaving victims unable to recover their investments.

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.