Bt6bn class action lawsuit filed against Icon Group and executives

15 Sept 09:03 Key points summarised by AI

A Bt6 billion class action lawsuit was filed against Icon Group by investors claiming they were enticed with unfulfilled promises of high returns.
The legal action seeks to impound company assets for compensation, with the first hearing scheduled for December 8th; key executives and promoting celebrities are currently held on remand.

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.