Bangkok police arrest 11 foreigners in nominee property raids
Bangkok police swept through four luxury housing estates on October 10 and arrested 11 foreign suspects. Officers also seized assets worth more than 6 billion baht, about 179 million US dollars. Everyone taken in faces the same accusation: using Thai nominees, meaning Thai citizens acting as fronts, to buy houses and land. Thai law bars foreigners from owning land outright, so nominee deals occupy a legal grey zone that authorities have decided to shut down. The raids were the eighth phase of a wider crackdown on illegal foreign property ownership. Judging by the value of the assets seized, this stands among the heaviest operations of the campaign so far.
Police arrested 11 foreign suspects and seized assets worth more than 6 billion baht (US$179 million) yesterday, October 10, in raids on four luxury housing estates in Bangkok. The operation targeted foreigners accused of using Thai nominees to own houses and land. It was the eighth phase of a crackdown on illegal foreign property ownership. … The story Bangkok police arrest 11 foreigners in nominee property raids as seen on Thaiger News .