Thai Authorities Bust Foreign Nominee Company Network on Koh Samui, Suspected Land and Building Holdings Exceeding 1.5 Billion Baht
Thai authorities have conducted 'Phase 7' operations on Koh Samui to uncover a network of foreign nominee companies suspected of illegally holding land and buildings. Sixty companies are implicated, with assets exceeding 1.5 billion baht linked to the scheme, targeting loopholes in foreign ownership regulations.
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