The Chiang Mai police teamed up with the Immigration Department 5 to wipe out Chinese investors who bought land to build a housing estate for a big project.

Worth billions of baht in San Kamphaeng District, allowing Thai people to be nominees to hold shares instead.

Prepared to support fellow citizens of the Dragon Land flock to settle in Thailand to make a living.

Five suspects were arrested, including Chinese nationals and Thai nominees.

Two Chinese participants in the movement have fled the country and a Thai national is being sought.

Order to expand the results of the seizure of property and go through the sweeping of 3 luxury villages, a large project, doing legal acts to cover up a 30-year lease

Action to clear Chinese capital to buy land to build a housing estate in Chiang Mai Province, revealed at 10:30 p.m. on March 29 at the Provincial Police Department, Chiang Mai Province.

Pol. Gen. Surachet Hakpal, Deputy Commissioner of Police, announced the arrest of Chinese nationals and Thai nominees in a housing business worth billions of baht.

It is a single-detached house and villa project in San Klang Subdistrict, San Kamphaeng District, with a total of 195 units, especially for Chinese people, priced from 5 million baht to more than 11 million baht.

Chiang Mai Provincial Commerce, Chiang Mai Immigration and Administrative Department

Meeting on Chinese capital to buy land in Hang Dong District, San Sai District and San Kamphaeng District to build housing estates.

Open a shop and open a company

As long as he bought a school for Chinese people to study further.

There are Thai people as nominees.

Most recently, the Chiang Mai Provincial Police Department together with the Immigration Department 5 and related agencies tracked and arrested 5 suspects, namely Fah Luang Agriculture Co., Ltd., accusing Mrs. Chingfang Li, a Chinese, of being a foreigner operating a business. Not allowed. Mrs. Chingfang Li, who uses the name of Mrs. Parichat Fuanan, holds shares on her behalf and is a nominee director.

Mrs. Chingfang Li uses the name of a shareholder and is a nominee director, Mr. Manus Masakul, 60 years old, from Muang Chiang Mai District and Mr. Sanchai Sae Chang, from Mae Suai District, Chiang Rai Province, both of whom are nominees. Nice as well

There are two more Chinese participants who fled abroad and one Thai person is in the process of pursuing and arresting.

This arrest was due to the fact that the police received a clue that a Chinese investor group illegally bought land to build a housing estate in Chiang Mai, using Thai people as project nominees instead of integrating with the agency. related check

Especially in this case, last year's shareholders paid only 30,000 baht in taxes, but this year they own a luxury housing estate worth more than 200 million baht. And Chinese people like to come to travel. There is an investment to win a large area to build a university.

Bought a large village project to support the Chinese who plan to take over various businesses in Thailand.

The use of disguised jurisprudence

If left like this, the people of Chiang Mai will not have their own area or land.

“According to the investigation, it was found that a group of Chinese investors came to buy 4-5 housing estates.

Previously, there were 100 percent of the shares held by Thai people, later, there were Chinese people who bought 75 percent of the shares and let Thai nominees be shareholders instead.

as well as allow another part of the Chinese to hold shares in a proportion that does not exceed the legal limit

The original owner of the shares still holds 25 percent of the shares. The police have arrested and prosecuted.

As for the Thai people who own the original village, they will also be guilty of committing a disguised legal act, ”said Pol Gen Surachet.

Deputy Commissioner of Police said that

The next step the police will take is to inspect the assets in order to proceed with the seizure of all assets for money laundering offences.

And will also check whether there is tax evasion as well.

In addition, another 3 luxury villages were detected, large projects were made to disguise the nature of a long lease, such as a 30-year lease, but with many contracts.

Each document is not more than 3 years in order to avoid having to register with the officials. The police are speeding up the process.

As for the Chinese capital who came to live in Thailand by using the elderly visa, they will check.

whether applying for a visa is correct or not

Travel by yourself or not.

The criteria for applying for a senior citizen visa is to have 800,000 baht in the account, you have to see if there is money in the account or not, do any business, have sufficient assets or not.

Not using a nominee to transfer money into the account for Visa to pass and then transfer out in two days.

If this kind of action is detected, prosecution will be taken against

Chiang Mai Immigration

As for the two Chinese accused who fled the country, they will coordinate with the Chinese embassy to issue red notices.