Thailand News in Brief
from Thai PBS WorldThailand and the world, every day
Swipe upto start reading / next story
Scroll downto start reading / next story
Key points summarised by AI
Check them against the full article
Crackdown on nominee firms on Pha-ngan Island begins today
10 Sept 12:00Key points summarised by AI
- Authorities initiated a crackdown on 24 foreign-controlled tourism businesses on Pha-ngan Island, suspected of using Thai nationals as nominee shareholders.
- The operation, led by Deputy National Police Chief Pol Gen Samran Nualma, coincided with Prime Minister Anutin Charnvirakul's visit, who affirmed that while foreign investors are welcome, legal compliance is mandatory, and nominee use will be prosecuted.
- Warrants were issued for two Thais and one foreigner, with investigations revealing one Thai national listed as a shareholder in 258 companies and another in 222, indicating a widespread nominee scheme.
- A specific search of a luxury villa revealed an Israeli national claiming legal operation, despite police findings of a suspicious change in the company's board and shareholding structure from Thai to Israeli control.
Read full article
Thailand1/9
Skip >Skip >