DSI eyes special-case status for major Forex fraud cases

11 Sept 01:32 Key points summarised by AI

The Department of Special Investigation (DSI) is deciding whether to classify major Forex fraud cases as 'special cases' under public fraud decrees to combat Ponzi schemes.
Victims were initially lured with profits by foreign-based brokers and local agents, leading them to increase investments before incurring significant losses (up to 70 million baht) and being unable to recover funds.

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.