BANGKOK, July 21 (Xinhua)-- The Thai government blacklisted a total of 22,992 companies who fail to provide clear locations of their offices or submit required annual financial statements.
Pongpun Gearaviriyapun, director-general of Thai Business Development Department (BDD), said the department has put 22,992 questionable companies on the list of firms posing high risks of doing business, among which 7,293 were found to have no headquarters registered, 4,054 failed to submit annual financial statements as required, and 11,293 have not answered queries concerning their financial statements.
According to Pongpun, the blacklisted companies, accounting for nearly 3.6 percent of the roughly 640,000 active companies in the country, were detected after the BDD operated inspections of totally 635,000 juristic persons registered with the department.
Some of them were found to have intentionally registered their company names resembling well-known businesses as to mislead and cheat people, she added.
The BDD also made a resolution to crack down on these businesses.
The BDD advised enterprises and customers to check with the department through its mobile application, to ascertain if a registered firm has been blacklisted.
