Police Crack Down on Russian Investors in Phuket
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Police Crack Down on Russian Investors in Phuket
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About this listen
Thai authorities are cracking down on Russian investors in Phuket, charging over 100 individuals—including 67 Russians—for violating business laws. With property prices surging 40% and Russian-linked companies skyrocketing from 30 to 1,600 in just years, locals are divided. Some applaud the raids amid complaints of illegal businesses and soaring costs, while others fear scaring off foreign investment. Dive into the clash between economic growth and legal enforcement in Thailand’s tropical hotspot.
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