Business nominees in Phuket face jail terms, fines

Quick Summary:

The Criminal Court laid down two-year jail terms and imposed 200,000-baht fines on 23 Thais and the companies for which they were acting as business nominees for foreigners in Phuket.

The investigation focused on tourism and related business activities including eateries, hotels, property projects and logistics, she said.

Those found guilty of involvement in such proxy businesses were liable to a jail term of up to three years and/or a fine of 100,000-1,000,000 baht, she said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Supthaweethum Businesses Thai Department Jail Court Auramon Business Terms Proxy Investigation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 16:47:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 237 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23150971

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 2 hours ago

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