British man investigated over 120 rai Krabi land

9 hours ago, trucking said:

He was ahead of the game .....until he wasn't.

Why do these mugs do things like this ?

Clearly the bloke had money to start with. Would have been a lot safer investing in something legit and relaxing instead of

trying to beat the system with dodgy loopholes.

Was not "dodgy" until very recently. His mistake was trying to sell pieces. I doubt he would have come to notice if he hadn't.

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Soon some exotic cars will be auctioned all over Thailand.

19 hours ago, Gottfrid said:

In general, it goes back to the state or the former body of ownership.

So you think it was previously owned by the state not some private land holder?

For it to revert back to someone they had to hold it previously.

This and other stories have been spoken about with a lot less 'emotion' in other places and there is talk about a certain amount of time being given to the companies in question to sell the land and if it's not done within this time period it would then be auctioned - but it's going to belong to the company regardless of what happens to the foreigners company holdings - a Chanote exists.

22 hours ago, Georgealbert said:

British national and three interconnected companies in Krabi over suspected nominee shareholding arrangements linked to more than 120 rai of land worth about Bt2 billion

Anyone here?

I was thinking Georgie boy until I saw his nationality.

Georgie boy is loaded 💸 💵 💲

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1 hour ago, ukrules said:

So you think it was previously owned by the state not some private land holder?

So you are suggesting above I'll presume a THAI private land owner and not one or more other nominee constructions.

11 minutes ago, JerryM said:

So you are suggesting above I'll presume a THAI private land owner and not one or more other nominee constructions.

Trace it back a decade or two and one day a Thai person or some other Thai company would have owned it. What I'm saying it it wasn't owned and sold by the local state province or the central government. If it was then there are even more questions to be asked - but that's highly unlikely isn't it.

My Mrs bought a plot of land a couple of years back which hadn't changed owner since about 1970.

2 minutes ago, ukrules said:

Trace it back a decade or two and one day a Thai person or some other Thai company would have owned it.

OK. I was just suggesting there could have been intermediary transactions between the current owner and the one time private THAI land owner.

7 minutes ago, JerryM said:

OK. I was just suggesting there could have been intermediary transactions between the current owner and the one time private THAI land owner.

Sure, why not. I mentioned it as someone said it will revert back to the province or the state as if it had belonged to them all along - it didn't.

So there may be intermediary transactions between the current owner and the one time legit THAI owner. No problem -- it's in there. Somewhere.

20 hours ago, flaming dragon said:

These people aren't "mugs" most are astute businessmen who are navigating a sudden sea change. They operated under the old system and the new government was forced to crack down when certain groups became antagonistic towards the local populace. My belief is that it will seriously deter foreign investment, which will be both a blessing and a curse for the locals affected by these arrangements.

Yes. You've pretty much nailed it. BBC Southeast Asia correspondent Jonathan Head has predicted this nominee thing will ultimately fail. There is a spectacular case in Pattaya where a bar boss and not of the Irish theme bar type.has been exposed today by Andrew Drummond on his .com website. Problem. of course, is the enablers.

Edited July 26Jul 26 by Thai-Defender

Well at least you can be sure he doesn't holiday in Benidorm.

On 7/26/2026 at 4:48 AM, Georgealbert said:

British national

Again 🙀

What will happen to the land? Repossessed by govt or banks?

And what will happen to him? Banned for Life time after a decade in Thai prisons?

Under Thai law [a] company structure involving Thai shareholders must reflect genuine ownership and control, rather than acting as a front for a foreign investor.

Let me break it down for you...

1. Foreigners give Thais money to buy land, buildings, businesses.

2. Thais control the land, buildings, businesses.

3. Shut up. 😄

23 hours ago, flaming dragon said:

These people aren't "mugs" most are astute businessmen who are navigating a sudden sea change. They operated under the old system and the new government was forced to crack down when certain groups became antagonistic towards the local populace. My belief is that it will seriously deter foreign investment, which will be both a blessing and a curse for the locals affected by these

arrangements.

Let's point at the real people and that is the Mainland Chinese, Hong Kong, who the leaders invited prior to Covid, during Covid and after Covid. It is give people an inch they will take a foot and so forth.

This been brewing since they realized that the Chinese Triads had taken control of half the provinces in Thailand. Then the banking debacle scam by BB in Pattaya.

Now although it seems these projects are large it doesn't hit or begin to clean up stuff since the riches of the rich are involved in these nominee's that will never be touch, when that building fell in Bangkok that started it but the investigation raids will never reach that high.

Must be prime location at 16 M THB/rai in Krabi.

There is a government department called the Legal Execution Department.

They mostly auction property where borrowers have defaulted on their payments.

They are likely to handle the process, I suspect some foreigners will be given six months or a year which to sell the property otherwise LED will handle it. For those that have been exceptionally naughty it will probably go straight to LED to be auctioned and proceeds may even go directly to the government.

Either way, there is going to be a lot of cheap property available soon and property prices in some of these areas are going to be significantly depressed as a result.

Edited July 27Jul 27 by JBChiangRai
Spillobg

5 hours ago, ukrules said:

So you think it was previously owned by the state not some private land holder?

For it to revert back to someone they had to hold it previously.

This and other stories have been spoken about with a lot less 'emotion' in other places and there is talk about a certain amount of time being given to the companies in question to sell the land and if it's not done within this time period it would then be auctioned - but it's going to belong to the company regardless of what happens to the foreigners company holdings - a Chanote exists.

I don´t necessarily think or believe it was owned by the state. That was an example. Of course it could have been privately owned. I also posted it would be sold or auctioned out. Exactly as you counter-post. A Chanote of a specific kind always exist on legal land.

The thing here is that it will NOT continue to belong to the company, as it is confiscated as land bought using illegal methods.

Hopefully, you have never owned or ran a company in Thailand, because that seems to be a recipe for disaster! 😂

You should just think about stop talking about things you have no clue about. Have a good day!

"Officials subsequently identified what they described as significant changes: the original Thai shareholders were removed and replaced by a cross-shareholding structure involving three companies. The firms reportedly had the same individual as director."

Red flag! Red flag! A failed attempt by a foreign national who tried to conceal his identity in the ownership of a company that was set up to buy and sell land. This is a blatant violation of Thai law. No sympathy for the foreigner who knew what he was doing was illegal and thought he could get away with on a legal loophole. Just because others may be using a similat loophoe doesn't make it legal.

This is just the start, foreign run biz are pocket change
they will go after the land and properties

their intentions are clear, BEFORE their investigation has been completed.
"Officials are considering possible land revocation and criminal proceedings following a deeper investigation."

This dates back when corruption was okay pay off people in the right positions

But things have now changed for the better a few people are going to find out at their cost it does not work anymore for some 😱