Authorities in Hua Hin, Thailand, have launched an investigation into several property companies suspected of utilizing a nominee shareholder scheme. Fifteen locations were searched on August 10th as part of the operation, involving police and immigration officials. The scheme allegedly involved using Thai nationals to act as shareholders for foreign investors, circumventing ownership restrictions. Initial estimates place the financial damage exceeding 300 million baht. The Department of Business Development (DBD) is leading the inquiry, focusing on potential illegal practices within the local property market. This probe signals a crackdown on illicit financial activity linked to foreign investment in Thai real estate. Further details are expected as the investigation progresses.