DSI plans foreigner proxy firm crackdown

BangkokPost: published Januari 7 2012

The Department of Special Investigation will crack down on foreigners, some of whom are gangsters, who illegally exploit loopholes to operate businesses which are normally off-limits to them. DSI chief Tharit Pengdit unveiled his plans after the cabinet had given the agency the authority to investigate nine more categories of special cases including human trafficking, computer crime and foreign business. Mr Tharit said executives were deciding how to to crack down on criminals this year.

The DSI will target transnational criminals who have exploited loopholes in the legal system to use Thai nominees to run businesses not open to foreigners, as their influence was expanding.

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Commerce Ministry to inspect foreign shareholding in Thailand later in August

Source: National News Bureau of Thailand (NNT) July 19 2012

The Commerce Ministry is set to launch an inspection on foreign shareholding in the country within a month’s time.

The Department of Business Development Director-General Banyong Limprayoonwong said that the Commerce Ministry has been drafting a set of regulations on the management and the inspection of foreign shareholding in Thai companies, in a bid to more strongly enforce the Alien Business Law of Thailand.

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