Kalasin police to return at least 611 land deeds to creditors next month

[snoop1130]

Kalasin police to return at least 611 land deeds to creditors next month

By Jakkapong Rawiwan 
The Nation

 

 

Kalasin police chief Lt Gen Surachai Kuandechakupta said at least 611 land title deeds - which were mortgaged to secure Bt47.3 million in loans and seized by a pawnshop in Kalasin's Somdet district - would be given back to the 600 creditors next month.

 

A total of 1,089 land title deeds had been seized for police inspection along with 16 guns during a warranted search of the pawnshop on August 10, following complaints to police about the shop applying an illegal interest rate of 24 per cent a year.

 

The legal rate for a land mortgage is 15 per cent a year.

 

Surachai on Friday led police to inspect the confiscated items.

 

The investigation so far would allow police to return 611 title deeds, covering 1,937 rai, to the rightful owners, he said.

 

The business owner, who had co-operated with the police, had signed the agreement to return the confiscated deeds in front of witnesses, Surachai added.

 

The police continue to work on the case and Deputy Prime Minister Prawit Wongsuwon is scheduled to hand back the deeds at a ceremony on September 20.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30352880

 

-- © Copyright The Nation 2018-8-24

[Elkski]

15%???   Like the government is protecting people.    How can I get in on 15%?

[TallGuyJohninBKK]

27 minutes ago, snoop1130 said:

The police continue to work on the case and Deputy Prime Minister Prawit Wongsuwon is scheduled to hand back the deeds at a ceremony on September 20.

 

I hope none of the local folks there plan on wearing expensive watches to the ceremony....

[AsiaHand]

16 hours ago, TallGuyJohninBKK said:

 

I hope none of the local folks there plan on wearing expensive watches to the ceremony....

How much do you think that the BIB will be demanding/expecting  per deed to "return" these deeds ?

[Wake Up]

46 minutes ago, AsiaHand said:

How much do you think that the BIB will be demanding/expecting  per deed to "return" these deeds ?

Votes at the future elections. 

[digger70]

17 hours ago, Elkski said:

15%???   Like the government is protecting people.    How can I get in on 15%?

Easy If you got some Money start Money lending like the Loansharks and charge 10% PER MONTH, Get some Heavies to collect and to brake  some bones, But watch you're Back.

[GreasyFingers]

19 hours ago, Elkski said:

15%???   Like the government is protecting people.    How can I get in on 15%?

Check the figure in the Land Department laws. That is the rate for default.

Unless my English is getting bad I thought the land owners were the debtors, not creditors.

[Elkski]

I meant, how can I get in on 15% action on my money.   As in be a creditor.   Why are there never any facts in these reporters stories?  

Like how did the pawn shop get these deeds?  How come some are being returned as if paid off?  What did the pawn shop owner do that was wrong?  Why no criminal charges?  Who is the owner connected to.    This just reeks of corruption.