Nationwide crackdown launched on illegal nominee shareholders and land holdings
Government pulls SEC bill, sets up joint committee with civic group
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Government pulls SEC bill, sets up joint committee with civic group
14 Sept 11:33Key points summarised by AI
The government has withdrawn the Southern Economic Corridor (SEC) bill from Cabinet consideration, opting to form a joint committee with civic group SEC Watch for a collaborative study of the mega-project.
The land bridge project, integral to the SEC, is currently undergoing a 90-day review, with the government committed to openness, stakeholder feedback, and full cooperation with SEC Watch.
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.