Nationwide crackdown launched on illegal nominee shareholders and land holdings
New coalition needs 300 seats for stability: Phiphat
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New coalition needs 300 seats for stability: Phiphat
14 Sept 00:07Key points summarised by AI
Deputy PM Phiphat Ratchakitprakarn of Bhumjaithai advocates for a stable coalition government controlling around 300 House seats, emphasizing policy alignment as the key requirement over party size.
Bhumjaithai projects a significant win of 194 seats, while Palang Pracharath, securing 5 seats, awaits an invitation to join the new government, with no set timeframe for its formation.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Yesterday 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.