Nationwide crackdown launched on illegal nominee shareholders and land holdings
Palang Pracharath, UTN and the fall of military-backed parties
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Palang Pracharath, UTN and the fall of military-backed parties
13 Sept 09:26Key points summarised by AI
Palang Pracharath and United Thai Nation (UTN), parties linked to coup leader Gen. Prayut Chan-o-cha, are in terminal decline due to severe internal discord and defections, mirroring the historical fate of such political outfits.
Thailand has a consistent history of military-backed parties, established to extend military influence post-coups, which invariably succumb to internal conflicts, declining popularity, and eventual dissolution.
Past parties like Seri Manangkhasila (1955) and Saha Prachathai (1968) exemplify this pattern, often collapsing due to infighting, public protests, or even leaders staging coups against their own governments.
The Samakkhitham party (1992), formed to retain power for coup generals, won an election but faced massive protests and its leader's resignation, leading to its rapid rebranding and ultimate dissolution.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 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.