Police raid Chinese-run real estate firms in Chon Buri and Rayong

12 Sept 00:44 Key points summarised by AI

Police raided three Chinese-run real estate firms in Chon Buri and Rayong, suspecting them of using Thai nominees to illegally acquire land for condominium projects, violating the Foreign Business Act.
Eleven Thai and Chinese nationals were taken into custody following the discovery of the nominee scheme.
Authorities confiscated bank books and land title deeds, uncovering a planned 2-billion-baht, 1,821-unit condominium project in Rayong and other landholdings in Thailand's Eastern Economic Corridor (EEC).

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.