Nationwide crackdown launched on illegal nominee shareholders and land holdings
Ongoing crackdown on foreign-run hotels and cannabis outlets on Pha-ngan Island
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Ongoing crackdown on foreign-run hotels and cannabis outlets on Pha-ngan Island
11 Sept 20:35Key points summarised by AI
Authorities on Pha-ngan Island are intensifying a crackdown on foreign-run businesses suspected of using Thai nominees and operating without proper licenses.
Two resorts were found operating illegally, including one staff-less hotel remotely managed from Israel, which officials claim generates no tax revenue or jobs for Thais.
Inspections also targeted cannabis outlets, revealing one suspected foreign-run operation with multiple branches, significant annual revenue, and allegations of issuing fake medical certificates for large purchases.
The government's campaign aims to curb illicit foreign investment that circumvents Thai regulations and avoids contributing to the local economy.
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.