Hua Hin/Prachuap Khiri Khan –
The Royal Thai Police have rolled out Phase 6 of their nationwide campaign against foreign nominee networks, targeting companies and property projects in Hua Hin suspected of using Thai nationals as proxy shareholders for foreign investors.
Led by Deputy National Police Chief Pol. Gen. Samran Nualma, the operation brought together police units, administrative officials, and economic and land authorities. The raids focused on nominee structures designed to conceal foreign ownership of land and real estate, including luxury housing and pool villa developments.
Investigations revealed 489 companies potentially involved in nominee arrangements, with 33 firms linked to land concealment. These entities collectively controlled 39 plots of land and properties worth about 300 million baht.
Authorities have filed 33 criminal cases against 84 suspects, secured 15 search warrants, and obtained 45 arrest warrants for foreign nationals. During the latest operation, police arrested 14 suspects of multiple nationalities and seized extensive evidence, including company registration papers, accounting records, computers, mobile phones, and electronic data.
For the original version of this article, please visit The Pattaya News.
