Phuket raids probe 100 firms using naturalised Thai shareholders
Authorities in Phuket are investigating over 100 companies with total revenues of 5 billion baht that allegedly used naturalised Thai citizens as nominee shareholders. This is part of a broader crackdown on 361 firms suspected of circumventing foreign ownership laws.
Part of an ongoing situation
Nominee crackdown on foreign-owned businesses (24 updates so far)
Sources
3 reports