22 foreigners arrested in Koh Phangan over a case of fake companies.

The Thai police in Suratthani province have concluded the second phase of an operation to combat fake foreign companies on Ko Phangan island. During the operation, conducted on Saturday, 22 foreigners were arrested and more than 40 rai of land were confiscated, valued at over 200 million baht. The arrests and confiscations are linked to an investigation into the use of proxy individuals for illegal land ownership and business operations by foreign nationals. For readers: Foreigners doing business in Thailand should thoroughly check the legality of their corporate structures and property ownership to avoid legal issues.