Thai police have arrested 22 foreign nationals and seized more than 40 rai of land worth over 200 million baht during the second phase of a major crackdown on alleged nominee companies on Koh Phangan.
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The operation began at 6am on 23 May 2026 after Pol Gen Samran Nuanma, deputy national police chief and director of the Centre for Suppression of Transnational Criminals and Illegal Immigration, ordered officers to target foreign-owned businesses suspected of illegally using Thai nominees to hold land and operate restricted businesses. More than 300 officers took part in the raids, led by Pol Lt Gen Nopasin Poolsawat.
Investigators pursued 39 cases and obtained warrants to search 36 locations from Koh Samui Provincial Court. Police also secured 45 arrest warrants for foreign suspects accused of operating businesses prohibited to foreigners under Thailand’s Foreign Business Act and illegally possessing land under the Land Code.
One key target was FB Properties Co Ltd, also known as Yoga House, where police alleged an Israeli national was the true owner while Thai shareholders were used as nominees. Officers said the company controlled eight plots of land covering 7.5 rai worth more than 60 million baht and had also been operating an unlicensed hotel business.
Police said these second phase raids uncovered 32 companies clearly operating as nominee firms. Authorities seized 45 plots of land totalling more than 40 rai and arrested 22 foreign nationals. Investigators estimated the total amount involved at more than 200 million baht.
The 32 companies were identified as holding land while foreign shareholders outnumbered Thai shareholders. Those firms controlled 38 plots of land covering more than 38 rai, most of them undeveloped. Officers searched 21 of the companies to collect further evidence for prosecution.
The crackdown follows an order from Prime Minister Anutin Charnvirakul to intensify action against nominee arrangements involving foreigners using Thai citizens to hold shares and land on their behalf. Pol Gen Kittirat Phanphet, the national police chief, instructed officers to accelerate investigations to prevent transnational crime, illegal business operations and unfair competition affecting Thai citizens.
Authorities said the problem had been building on Koh Phangan since 2024. So far, 29 cases involving suspicious businesses have been prosecuted, with courts already ruling on two cases. A total of 62 suspects have been identified, including 32 Thai nationals and 30 foreigners.
Earlier this month, phase one of the operation focused on legal firms, accounting firms and nominee companies. Police handled 37 cases, carried out 27 searches and issued three arrest warrants. Investigators found alleged nominee shareholders included state welfare card holders and company employees, while more than 100 foreign-linked firms were registered under the same address.
ThaiRath reported that oficials said the next step will involve meetings with the Department of Business Development, provincial commerce officials and the Land Department to investigate financial trails and determine whether any state officials were involved.
Pictures courtesy of ThaiRath
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Adapted by ASEAN Now ThaiRath 24 May 2026