Economy
Ministry of Commerce Investigates Illegal Business Practices in Sakon Nakhon
Authorities have identified 35 companies in Sakon Nakhon province suspected of using foreign capital to operate under Thai nominees, allegedly deceiving local residents.
According to a report by Matichon Online, the Thai Ministry of Commerce has uncovered suspicious business activities across four districts in Sakon Nakhon province. Officials identified 35 companies that appear to be utilizing foreign capital—specifically linked to Chinese investors—to operate under the guise of local Thai ownership, a practice commonly referred to as 'nominee' structures.
Investigations suggest that these entities have been involved in activities that mislead local residents, with reports indicating that villagers were allegedly charged 1,500 baht each in connection with these operations. The Ministry is currently scrutinizing these registrations to determine the extent of the regulatory breaches.
For residents and expatriates in the region, this development highlights ongoing efforts by Thai authorities to enforce foreign business ownership laws and protect local economic interests. While the investigation is active, the full scope of the deception and the specific identities of those behind the 35 companies remain under official review. It is important to note that these findings are preliminary, and further details regarding potential legal actions or the impact on affected villagers are yet to be confirmed by the relevant government agencies.