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Recently, the Ministry of Commerce led a team to conduct a surprise inspection of a steel trading company in Samut Prakan province. L450M steel, This followed complaints that the company was suspected of engaging in several illegal activities, including possible nominee shareholding.
Furthermore, recent complaints have indicated that some companies using nominee shareholders to hold shares may be involved in nominee shareholding businesses and violate several other provisions of relevant laws. L450M steel, As early as August 19th, officials from the Ministry of Commerce Development, the Ministry of Domestic Trade, and other departments were dispatched to inspect a steel trading company suspected of violations.
An investigation revealed several irregularities, such as discrepancies between equity information and actual operations and the information provided in the registration documents and to government departments. Therefore, the Department of Commerce Development has ordered the company to provide further clarification and warned the Thai shareholder to provide explanations promptly. Providing false information will be subject to legal action under the Penal Code.
The Ministry of Commerce stated that it will expedite the comprehensive information collection process. If any company is suspected of involvement in nominal shareholding, the case will be transferred to law enforcement agencies for prosecution in accordance with the law. Simultaneously, the case will also be transferred to tax authorities for tax investigation to ensure that violators are severely punished under relevant laws. L450M steel, Furthermore, the Ministry of Commerce will continue to investigate all companies suspected of nominal shareholding in all regions without exception.
It is understood that the Department of Commerce Development has also implemented an "intelligent business analysis system" to identify potential nominal shareholders and ensure efficiency in this matter.
