Thai Examiner
Raids in Pattaya on Friday led by two ministers targeting Israeli business networks and legal advisors
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Pattaya raids expose an Israeli-linked nominee network controlling assets worth hundreds of millions. Two ministers lead searches at a legal office, condominium company and hotel as Thailand’s foreign business crackdown spreads nationwide and hardens.
Key facts
- June raids across southern provinces put ฿1.05 billion in land, villas and other assets under scrutiny
- Pattaya raids expose an Israeli-linked nominee network controlling assets worth hundreds of millions
- Israeli-linked Pattaya firms face special investigation over shareholders, funding and control
- According to company records, he holds 49% of its shares.
- Pattaya legal office records may expose network of Thai shareholders fronting foreign firms
- Cosy Beach View ownership inquiry expands to linked hotel company and shared Pattaya directors
Summary
A major raid led by Deputy Interior Minister Worasit Liengprasit and Justice Minister Police Lieutenant General Rutthaphol Naowarat has pushed Thailand’s foreign nominee crackdown into high gear. Investigators seized company records and computers from a Pattaya legal office, condominium firm and hotel controlling assets worth hundreds of millions.
Thai investigators raided three Pattaya locations on Friday as Thailand widened its crackdown on foreign-controlled businesses. The operation targeted a suspected Israeli nominee network controlling assets worth several hundred million baht. However, officials did not confirm the seizure of its land, condominium or hotel properties. Instead, officers seized business records, computers and electronic data for forensic examination.