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Brokerage executive charged with alleged involvement in forex trading racket

6 Oct 16:10 Key points summarised by AI

A brokerage executive, identified as 'Mallika', was arrested by the Department of Special Investigation (DSI) on charges including defrauding the public and money laundering, linked to a forex trading fraud.
Mallika's firm is accused of acting as a channel to transfer investment money, avoiding detection in the scheme allegedly connected to People’s party MP Pawoot Pongvitayapanu.
Another suspect, 'Thiraphong', an 'introduction broker' who persuaded investors, was also arrested upon arrival from Dubai.
The DSI sought arrest warrants for approximately 30 individuals, including MP Pawoot, but the court largely rejected these, stating most could be summoned for questioning without detention.

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.