Ten suspected loan sharks arrested in Buriram

supawadee wangsri

 

BURIRAM, 3 August 2018 (NNT) - Ten suspected loan sharks were arrested and more than 300 land title deeds were seized during joint police-military raids on their houses in Buriram province. 

 

The raids followed complaints that they had charged extremely high interest rates for their informal loans. More than 300 title deeds which the informal lenders had seized from their borrowers were seized for examination, along with many loan contracts. 

 

The unidentified loan sharks were taken to the police station in provincial seat area for questioning. They insisted they had done business in legal fashion. 

 

The police said legal action would be taken against those found to have run business without proper licenses or to have charged interest rates above the legal limits.

 

 

-- nnt 2018-08-04

Good, penalise them and remove their ill gotten gains.