Thai housemaid’s 100 million baht fortune hits a legal snag

[klauskunkel]

14 hours ago, snoop1130 said:

The assets Tim was set to inherit included luxury villas with plots of land worth around 30 million baht, cash, savings in bank accounts, jewellery, other valuables, and even Catherine’s three beloved cats.

 

Due to illegal activities, Tim is denied the inheritance

Tim probably can keep the cats...

[Xonax]

1 hour ago, Tropicalevo said:

Absolute rubbish and fear mongering.

I run a company and it owns the house that I live in.

The company has been trading for more than 20 years - all taxes, VAT and fees paid up to date.

There are 13 employees excluding myself - all Thais.

So why should your 'prediction' happen to me (and probably hundreds of thousands of others).

Why not??

[MRMOUSE]

4 hours ago, thesetat2013 said:

She did everything wrong. She bypassed the Thai laws paying some Thais to use their names as 51% ownership so she could open her business and buy land using the business name. 

Although it is common practice to do it this way with foregners wanting to open a business, that does not make it legal. So many foreigners open their businesses this way skirting Thai laws and think it is ok to do it. But that does not change the facts they broke the laws and when caught will lose everything they invested and earned in their business. 

I feel bad for the maid, she should get something. But the French womans actions can not be denied. 

I hope other foreigners in this site pay hede to what can happen when the authorities find out they opened their businesses this way. 

Tim was the beneficiary not the deceased.

[Lalo27]

I hope she can get the cats...!

[Older and Wiser]

14 hours ago, snoop1130 said:

 

A Thai housemaid on Koh Samui, an island in the southern province of Surat Thani, is unable to claim a 100-million-baht estate left to her by her deceased French employer due to illegal actions surrounding the foreigner’s business.

 

The 59 year old French businesswoman, Catherine Delacote, took her own life on April 29 of this year by shooting herself at her luxury villa on Koh Samui. CCTV footage from the property showed Catherine using a mop to turn the camera away before shooting herself in the temple.

 

Reports indicate that Catherine died by suicide due to her battle with cancer. Her Thai housemaid, Natwalai, also known as Tim, told the police that her employer frequently expressed her struggles with the illness.

 

The story drew public attention when details of Catherine’s will emerged. The will, drafted before her death, stipulated that she wished to leave two luxury villas to her ex-husband Vincent and the remainder of her assets which were valued at about 100 million baht to her housemaid, Tim.

 

The assets Tim was set to inherit included luxury villas with plots of land worth around 30 million baht, cash, savings in bank accounts, jewellery, other valuables, and even Catherine’s three beloved cats.

 

In an interview with several news outlets, Tim expressed her astonishment at Catherine’s decision. She revealed that she had lived with Catherine for about 17 years, starting from when the Frenchwoman was staying in a rented room.

 

 

 

Tim had been by Catherine’s side throughout her journey of building rooms, resorts, and luxury villas for rent. As Catherine’s business expanded, she moved to Koh Samui, purchasing land and constructing five luxury villas for personal use and rental purposes.

 

Illegal registration and nominees

 

While the story initially inspired heartwarming sentiments, it also raised questions about the legality of Catherine’s business operations and land ownership.

 

This prompted an investigation by the police and Surat Thani Provincial Administration officials. The inheritance intended for Tim was put on hold pending the outcome of the investigation.

 

After more than seven months of inquiries, Surat Thani Provincial Police announced today, November 26, that Tim would not be able to claim the assets because officials discovered illegal practices in Catherine’s business dealings.

 

Police identified two Thai nationals, 50 year old Thongssai Katisuk and 36 year old Ratchaprapa Soreda, as shareholders in Catherine’s company. Investigators suspect the two acted as nominees, enabling Catherine to register her company and hold land on the island illegally.

 

A law firm was also implicated in providing consultation and facilitating the unlawful registration of Catherine’s company. Police would summon all relevant parties for questioning and to face legal charges.

 

Due to these illegal activities, Tim is denied the inheritance, and all of Catherine’s assets will eventually become state property following the conclusion of the legal proceedings.

 

By Petch Petpailin

Photo via KomChadLuek

 

Source: The Thaiger

-- 2024-11-26

 

 

Bet she still gets the 3 cats to take care of. The fact that portions of the inheritance were obtained or registered illegally, should not prevent her from receiving those legally acquired and owned, like cash in the bank and jewellery. The property was only 30m of the 100m. Obviously a ploy to confiscate everything, which will end in various pockets illegally.

[Issanraider]

After spending over 30 years in the legal profession in England, I was employed in 2005 by a law firm on Kho Samui.

My Job entailed explaining to English speaking clients the procedure of purchasing land in Thailand by way of setting up a Thai majority shareholder company which was the accepted practice at the time.

The nominee shareholders were all employees of the law firm and the foreigner held 49% shares in the company and the Thais 51%

The foreigner controlled the company by virtue of the fact that their shares were preferential shares with a voting power of 10 votes per share and and the Thai held shares were ordinary shares with a voting power of one per share.

 This was  the accepted practice for numerous years and all foreigners, including myself as an employee of the law firm, had no reason to believe that it was illegal.

The momentous event that caused this practice to become scrutinised by the Thai authorities was Thakin’s involvement in a huge telecommunications company in which nominee shareholders had been used and millions of baht of tax had been avoided.

As we know that eventually led to Thaksin’s exile but it over night stopped the accepted practice of foreigners using the law firm’s employees as shareholders and the clients I was dealing with were told that they had to provide their own shareholders which needless to say led to immense problems.

 The point I am making here is that the French lady who is the subject of this article was probably unaware that her companies had been set up illegally and it is the unsuspecting maid that will be the loser.

 I am interested to know the name of the law firm involved here as it would not surprise me if it is the one I was employed by.

[renaissanc]

10 hours ago, georgegeorgia said:

No there wasn't 

Sorry, but the article was in the Bangkok Post 2 days ago, I think it was.

[Tropicalevo]

8 minutes ago, Issanraider said:

The foreigner controlled the company by virtue of the fact that their shares were preferential shares with a voting power of 10 votes per share and and the Thai held shares were ordinary shares with a voting power of one per share.

 This was  the accepted practice for numerous years and all foreigners, including myself as an employee of the law firm, had no reason to believe that it was illegal.

 

I attended a course in Bangkok back in 2000 entitled 'Thai Law for Foreigners'.

The course was given by lecturers who taught lawyers.

The nominee shareholder thing back then was totally legal.

However, the lecturer explained that it would be best NOT to use that method, because if it went to trial, the judgement would probably come down against the foreigner.

The argument being that the preference shareholder scheme implied that a foreigner was worth more than a Thai!

There is the letter of Thai law and then there is the spirit of Thai law.

Spirit always wins.

 

The lecturer then told us how to do it all legally and within the spirit of the law.

 

 

[renaissanc]

I think that maybe the only safe way for a foreigner to own a house for investment is to get married to a Thai, have children, and then register the investment house(s) in the child's name. If your wife divorces you after the child has learned to read and write, no problem. Your child can write a letter giving you permission to live in that house / those houses and your ex-wife can't take the house(s).

[Hunz Kittisak]

The French woman should have just liquidated everything instead 

Cash is king 

[Cabradelmar]

That's how this whole nominee scheme is suppose to play out... Thais look the other way while holding out their hands to collect illegal money from the foreigner, and when the foreign dies, leaves or is otherwise no longer welcome, the Thais take everything back, and the cycle states again. don't believe for a minute Thais want illegal nominees to stop operating, and never think that a working class poor Thai will ever benefit  from there schemes (ie. this housemaid). TiT.

[renaissanc]

There is no way that the 100 million Baht in assets will go to the state. The maid's last resort is to make an agreement with the Police that they share some of the assets with her or else she will call for an investigation about where the assets really went.

[steven.g]

It's my understanding that foreigners cannot own property in Thailand; hence, the number of Thai wives/partners acting as owners/proxies. This whole affair reeks of bribery and corruption- the usual here. Feel sorry for the mid though. 

[georgegeorgia]

55 minutes ago, renaissanc said:

Sorry, but the article was in the Bangkok Post 2 days ago, I think it was.

Thankyou for clarifying that

[gravity101]

44 minutes ago, renaissanc said:

I think that maybe the only safe way for a foreigner to own a house for investment is to get married to a Thai, have children, and then register the investment house(s) in the child's name. If your wife divorces you after the child has learned to read and write, no problem. Your child can write a letter giving you permission to live in that house / those houses and your ex-wife can't take the house(s).

I'd like to hear whos done that on here with a minor. Phuket land department says no way. Lawyers say nope. They will allow a Thai wife to 'gift' a Thai minor however, 50k I was quoted as a brown envelope to go down that route as it was still shady. And of course to do that, the Thai wife has to sign at the land department that it was her own personal money that bought the land to start with for any potential future divorce. The kids legally cant sign a lease agreement with you either. Not sure what legal quandary that puts the farrang in if you divorce before the kids 20 and the wife wants to sell it and has legal avenues over the child to do so.