
Thailand's Ombudsman Calls for Immediate Action
In a bold move, Thailand's Ombudsman has urged the Prime Minister to take swift action against the illegal acquisition of land and real estate by foreign nationals through the use of "nominees". This practice has raised significant concerns regarding national security and economic stability.
Government Responds with Comprehensive Review
The Cabinet has recognized the severity of the issue, assigning the Ministry of Commerce to lead a review in collaboration with 13 other agencies. The goal is to address this pressing matter within 30 days, with findings to be submitted for further consideration.
Widespread Implications of Nominee Use
The Ombudsman's investigation reveals that foreigners are exploiting legal loopholes to own property in popular areas like Bangkok and Phuket, potentially causing "severe damage to the country". The practice not only undermines Thai citizens' opportunities to acquire land but also contravenes the Foreign Business Act.
Challenges in Law Enforcement
Current legislation suffers from a lack of unity and inter-agency integration, complicating efforts to regulate foreign-controlled entities. The Ombudsman has called for improved laws and procedures to safeguard Thailand's economic and social security.
Comments