A total of 26,019 Thai businesses across four sectors – tourism and related companies, real estate and land trading, hotels and resorts, and logistics and transportation – have been identified as potentially involving Thai nationals holding shares on behalf of foreigners as nominees, Oramon Sapthaweetham, director-general of the Department of Business Development (DBD), says.
The businesses are in Bangkok, Surat Thani, Prachuap Khiri Khan, Chiang Mai, and Phuket.
After the screening, only 498 enterprises remain under investigation. Of these, 371 have been cleared due to a lack of risk, while 64 cases have been charged with accounting violations and referred to the Revenue Department for further investigation.
The remaining 63 cases include four suspected of nominee activity in Bangkok, Surat Thani, and Prachuap Khiri Khan.
DBD has expanded its investigations into other sectors following complaints from the public and businesses about the influx of substandard foreign products into Thailand, because there are concerns about foreign businesses operating in violation of Thai laws, including those related to online platforms, warehousing, logistics and transportation, steel trading, and construction.
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