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Bangkok Post
Bangkok Post
National

31 foreign-owned by proxy companies raided in Chiang Mai

Chiang Mai Police
Police check evidence seized from suspect companies at a housing estate in Saraphi district, Chiang Mai, during raids on Monday. (photo: Panumet Tanraksa)

Police and local officials in Chiang Mai raided 31 companies suspected of being nominee firms under actual foreign ownership and arrested five suspects on Monday.

About 250 police and local officials were involved in the operation, searching 31 company premises and files at 18 locations in Chiang Mai.

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