Ten family members arrested on tax fraud charges

16 Sept 08:21 Key points summarised by AI

Ten family members and associates were arrested for orchestrating a massive tax fraud scheme.
The group allegedly defrauded the Revenue Department of approximately one billion baht in VAT refunds by setting up skeleton import-export companies.
They inflated prices and quantities of goods supposedly exported to Myanmar, generating fake transactions between 20 interconnected businesses to claim excessive VAT refunds.
Raids across 14 locations in Bangkok, Tak, and Chiang Mai resulted in the seizure of over 100,000 documents and computers, with the group claiming over 150 million baht in VAT refunds in 2021-22 alone.
All ten family suspects face charges of tax evasion and tax fraud.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 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.