What appalls me is how many foreigners are unable to see the bigger picture and understand how trickle-down from this could possibly impact their land titles, business, and overall stability in the country. Already the witch hunt has begun, and businesses that have operated unhindered for decades are under scrutiny. A daycare (of all things) was raided on koh Phangan as a follow-up on this bull<deleted>.
In the last few days, hundreds of nominee companies have received communications asking for information about their company structure.
Say what you want about legality, but these folks, generally speaking, were following convention and Thai legal advice, but now someone has upset the apple cart. your life savings could be revoked without due process, just as easily as your visa.