Nationwide crackdown launched on illegal nominee shareholders and land holdings
Wisut Boonkasemsanti: From murder to monkhood to market manipulation
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Wisut Boonkasemsanti: From murder to monkhood to market manipulation
13 Sept 11:04Key points summarised by AI
Convicted wife-killer Wisut Boonkasemsanti now faces new accusations from the Securities Exchange Commission (SEC) for high-stakes market manipulation, specifically "front running," involving two female accomplices.
The SEC alleges that a brokerage employee provided confidential client information to Wisut, enabling him to illegally profit from stock price manipulation, with another woman reportedly receiving illicit funds.
Wisut, once a prominent IVF expert, was convicted in 2003 for the gruesome murder of his wife, but served only 10 years and seven months due to royal clemency, being released on parole in 2014.
After his release, he entered monkhood professing spiritual change, but these new financial crime allegations cast significant doubt on the sincerity of his proclaimed transformation.
The SEC has escalated the case to anti-money laundering and economic crime divisions, potentially leading to Wisut's re-imprisonment if convicted of the current charges.
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.