11 foreigners arrested in crackdown on $179M of Bangkok luxury homes held in Thai names

Thai police carried out raids on four luxury housing estates in Bangkok on October 10 as part of a crackdown. The operation focused on 94 homes with an estimated value exceeding 6 billion baht, equivalent to approximately US$179 million. These properties were allegedly being held for foreign nationals through the use of Thai nominees, a practice that circumvents local ownership laws. The police action led to the arrest of 11 foreigners implicated in the scheme. The targeted estates are located in the capital city, and the investigation aims to uncover the full extent of illegal property ownership by non-Thai individuals. Authorities are continuing to investigate the network of individuals and companies involved in facilitating these transactions, emphasizing efforts to enforce property regulations.

Key points
* Thai police raided four luxury housing estates in Bangkok on October 10.
* The operation targeted 94 homes valued at over $179 million.
* 11 foreigners were arrested in connection with homes allegedly held through Thai nominees.

Nguồn / Source: VnExpress International