Indian loan sharks arrested in Ang Thong - but many escape

[webfact]

Indian loan sharks arrested in Ang Thong - but many escape

 

Pictures (2): TNA

 

Military and internal security agencies arrested two Indian loan sharks preying on and threatening victims at Ang Thong market.

 

Arrested yesterday were Siri Ram, 38, and Banresh, 27 who were on collection rounds when they were caught.

 

Evidence in the form of 4,970 baht and two mobile phones were confiscated.

 

 

The arrests follow numerous complaints about loan sharking on the 1111 government hotline.

 

But many others got wise to the impending arrests and fled the area, reported TNA.

 

One trader said that 20% interest was charged. The men would charge 200 baht a day on a loan as little as 5,000 baht and if they didn't get their money they would make threats of physical violence.

 

Some borrowers who couldn't pay had fled the area in fear, she said.

 

The suspects played dumb saying they couldn't speak Thai. They claimed they were clothes sellers.

 

But they had been watched over a period of time and were taken away to Muang Ang Thong police for prosecution.

 

TNA said that the men were part of widespread loan sharking operations in Ang Thong, Suphanburi, Singburi and Suraburi.

 

Some other arrests have resulted in deportations but more people are being investigated as complaints pour in.

 

Source: TNA

 

-- © Copyright Thai Visa News 2018-06-11

 

[mithunonthenet]

Deport these a**holes! 

P.S: I'm Indian.

[phantomfiddler]

General Sheridan was right !

[sammieuk1]

There are no sharks only rocks stone the mothers. 

[watcharacters]

10 minutes ago, sammieuk1 said:

There are no sharks only rocks stone the mothers. 

 

 

I hope you're only  jesting but I'm not  bright enough to see that. 

 

Care  to explain a little further?

 

[Darcula]

5 hours ago, webfact said:

TNA said that the men were part of widespread loan sharking operations in Ang Thong, Suphanburi, Singburi and Suraburi.

 

So, who's gonna pick up the slack once these POS are gone?

[watcharacters]

3 minutes ago, Darcula said:

 

So, who's gonna pick up the slack once these POS are gone?

 

 

What about legitimate micro lender companies?

 

 

[55Jay]

Protected occupation.

[MartinBangkok]

200 Baht a day for loan of 5000 Baht.

A quick calculation: Thats equivalent of an annual interest rent of 1440%

Wow

[sawadeeken]

2 hours ago, MartinBangkok said:

200 Baht a day for loan of 5000 Baht.

A quick calculation: Thats equivalent of an annual interest rent of 1440%

Wow

Don't need any more calculating to know 'Those' Indians are criminals...........

Hardened criminals and I'll bet heavily that they have done 'bad stuff' in their past.........

Don't stop now.......... Get all of them.......... MAKE A GOOD NAME for a few more Thai police..........  LOL .....