snoop1130 Posted July 30, 2018 Share Posted July 30, 2018 Five loan-shark gangs busted in Krabi raids By The Nation Authorities have cracked down on five loan-shark gangs in Krabi province, seizing more than 100 motorcycles and 20 cars from their possession. “We have acted in response to complaints that they have demanded an interest rate that is higher than what is allowed by laws,” Krabi’s police chief Pol Maj-General Boontawee Toraksa said on Monday. According to him, one of the gang is based in Krabi’s Muang district, two others in Khlong Thom, and the rest in Nua Khlong districts. “Altogether, we have already confiscated 118 motorcycles and 20 cars from this gang. We will investigate further,” he said. Police had received tip-offs that the gangs were offering loans for mortgaged vehicles but at a very high rate. Boontawee personally led a team raiding a house that reportedly held the office of a loan-shark gang in Khlong Thom district on Monday. They found 57 motorcycles there. Source: http://www.nationmultimedia.com/detail/breakingnews/30351080 -- © Copyright The Nation 2018-7-30 Link to comment Share on other sites More sharing options...
sammieuk1 Posted July 30, 2018 Share Posted July 30, 2018 Good work filthy individuals banged up? and hopefully all of their money and assets seized and returned.? Link to comment Share on other sites More sharing options...
Lupatria Posted July 31, 2018 Share Posted July 31, 2018 Bad news for all teachers who borrow money from the sharks to pay their outstanding installments for their funeral fund credit. Link to comment Share on other sites More sharing options...
from the home of CC Posted July 31, 2018 Share Posted July 31, 2018 the lowest of the low, imo the same level as pimps. Link to comment Share on other sites More sharing options...
Classic Ray Posted July 31, 2018 Share Posted July 31, 2018 Have you ever tried to get a loan in Thailand? After over six months of jumping through hoops with the one Thai bank that even would allow her to apply for a startup business loan, guaranteed by my salary and her land (grossly undervalued by the bank), my Thai wife has given up and will wait until the land is sold to fund the business. No wonder people use loan sharks, unless you have lots of cash here no bank wants to lend you money! Link to comment Share on other sites More sharing options...
toofarnorth Posted July 31, 2018 Share Posted July 31, 2018 .............loans for mortgaged vehicles but at a very high rate. How many new vehicles on the road did I read earlier ? Link to comment Share on other sites More sharing options...
from the home of CC Posted July 31, 2018 Share Posted July 31, 2018 4 minutes ago, Classic Ray said: Have you ever tried to get a loan in Thailand? After over six months of jumping through hoops with the one Thai bank that even would allow her to apply for a startup business loan, guaranteed by my salary and her land (grossly undervalued by the bank), my Thai wife has given up and will wait until the land is sold to fund the business. No wonder people use loan sharks, unless you have lots of cash here no bank wants to lend you money! unless you're a teacher with no financial common sense. Link to comment Share on other sites More sharing options...
Media1 Posted July 31, 2018 Share Posted July 31, 2018 They were not paying police lol Link to comment Share on other sites More sharing options...
taipan1949 Posted July 31, 2018 Share Posted July 31, 2018 29 minutes ago, Classic Ray said: Have you ever tried to get a loan in Thailand? After over six months of jumping through hoops with the one Thai bank that even would allow her to apply for a startup business loan, guaranteed by my salary and her land (grossly undervalued by the bank), my Thai wife has given up and will wait until the land is sold to fund the business. No wonder people use loan sharks, unless you have lots of cash here no bank wants to lend you money! Been there and done that. Thai banks are totally useless. Link to comment Share on other sites More sharing options...
Lupatria Posted July 31, 2018 Share Posted July 31, 2018 3 hours ago, from the home of CC said: the lowest of the low, imo the same level as pimps. Lowest of the low? When you hit rock bottom you still may not be on the ground. How about the guys in brown who let this happen as long as they get their share? Link to comment Share on other sites More sharing options...
captspectre Posted July 31, 2018 Share Posted July 31, 2018 these loan shark ass holes are everywhere, especially in the north and northeast where the poor people are, the Thai's are afraid to report them because they will be killed, the police know about them but as usual do nothing about it! Link to comment Share on other sites More sharing options...
Vacuum Posted August 1, 2018 Share Posted August 1, 2018 On 7/31/2018 at 11:28 AM, from the home of CC said: the lowest of the low, imo the same level as pimps. Have you never paid a bar fine? Link to comment Share on other sites More sharing options...
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