Thai cops struggling under debt totalling Bt270bn, says police chief

[Matreusse]

18 hours ago, fondue zoo said:

How does a police chief know about the financial status of all his officers?  

Records.  They can get loans via their employer.

[Matreusse]

18 hours ago, soi3eddie said:

  Do they really need luxury cars and mansions

Where did it say anything about the loans being for "luxury cars" or "mansions"?

[roger101]

18 hours ago, Sametboy2019 said:

According to Google.

Thailand's police forces number about 230,000 officers.

270 billion in debt. Some impressive individual debts

That's over a million baht per copper.

[BobinBKK]

19 hours ago, ChipButty said:

He is also seeking ways of generating more revenue for his subordinates.

 

They know what to do just you stopped them

They can issue a lot of tickets and collect fines from the people that think they're privileged to ride their motorbikes on the footpath ????

[RocketDog]

19 hours ago, snoop1130 said:

The police chief said he has asked Krungthai Bank and the Government Savings Bank to suspend debt payments.

This might be very difficult for the banks. Assuming Thai banks work like most of the world and operate on a fractional banking system, their cash holdings may be pretty slim. 

With no cash and incoming repayments suspended, new loans cannot be made. The revenue stream dries up and the bank is insolvent. 

The lack of liquidity compared to the global debt load leaves very liitle wiggle room for any country.

 

Printing more money is the traditional solution to this problem and it's worked well enough so far to get the world even fantastically deeper in the hole. 

Produce more than you consume or enter a financial debt spiral, which is where we are now. 

All the good solutions were used up long ago. 

 

I had to laugh at the idea of the police wives opening businesses to support their husband's though. That's got to popular with the wives. He will stay home and take care of the kids, do the wash, make the meals, clean the house, etc.? Sure thing. 

 

The obvious solution, while futile, is to simply seize all the farang bank account funds being held as per immigration requirements. Of course it wouldn't scratch the surface of the problem but would be wildly popular I suspect. Well, unless you're farang. ????

 

I know, throw your rocks at me but you know they would have thought of it sooner or later themselves. We're all just fish in the proverbial barrel. I'm just injecting some dark humor. 

[Derek B]

19 hours ago, ChipButty said:

“I will not hide anything and am ready for all questions,” he said.

 

This could be fun

no fun I reckon

 

[Huckenfell]

19 hours ago, Blumpie said:

Oh my, it's called reality.

When you cannot afford to take out a loan you shouldn't.  Why would anyone bail out an individual for taking a loan on a car?  

It is very easy for us to "put the boot in"  but they are family men being paid peanuts. Blame the government if anybody. Why not reduce the paid retired Army Generals by about 80 % and pay the serving police a decent wage

[CharlieH]

28 minutes ago, roger101 said:

That's over a million baht per copper.

Yeah or an average saloon car on finance, not even a basic house, doesnt seem much when you boil it down does it.

 

Perspective !

I bet individuals couldnt hold up against scrutiny at what they actually have and what they are actually paid. But we cant look at that aspect. I bet that would be an eye-opener.

[Percy P]

37 minutes ago, BobinBKK said:

They can issue a lot of tickets and collect fines from the people that think they're privileged to ride their motorbikes on the footpath ????

But the fine isn't to assist the police.

[Moo 2]

"I will not hide anything an am ready for all questions"

Cross your heart and spit on the ground?!

[Cake Monster]

2 hours ago, abrahamzvi said:

Quite frankly, what I hear about the salaries paid to Policemen, I am amazed. The people who are in charge of overseeing the laws abiding, are paid ridiculously low salaries. The way to assist the policemen (women) and make sure that they carry out their duties according to the laws of the Kingdom, is to make sure that they are properly paid salaries that enable them to enjoy a decent standard of living. 

Its all too late for that now.

The corruption and greed is so ingrained, that even if a decent Salary was paid to them, they would still be bent as a rusty nail.

[mr_lob]

quick, somebody fetch a doctor...my heart is bleeding!

[Chiang Mai Bill]

It seems hard to comprehend that all/majority of the Police filled in a questionnaire and disclosed their debts! Too many questions would be raised as to how they lived in such a lifestyle!

 

So I wonder how he obtained this information?

[ThailandRyan]

3 minutes ago, Chiang Mai Bill said:

It seems hard to comprehend that all/majority of the Police filled in a questionnaire and disclosed their debts! Too many questions would be raised as to how they lived in such a lifestyle!

 

So I wonder how he obtained this information?

I am sure he has his accounting ledger as the RTP's financial advisor and accountant for loans made....possibly.

[Regyai]

What a situation

 

Loan issuers are using what yardstick in granting these loans??

The applicants' salaries against which they measure are without doubt incongruous by any industry standard.

 

Seems the ingrained corruption extends so far into Thai culture that it's a "given" even at this level.

 

Forget the American 'Sub-Prime' mortgage disaster, here we have loans secured against future thievery !! - priceless!

[digger70]

21 hours ago, snoop1130 said:

Thai cops struggling under debt totalling Bt270bn, says police chief

So what's the problem then.they still have their jobs .They have been living on that All the time Right?

 O Hhh , Maybe  because of the Covid they Can't Collect so many Donations, and now they Live Beyond their means . 

I would say Serves them Right Foreclose on their Loans that should teach them for their ill gotten Donations .

[Andrew65]

How much of this is born of corruption? (obviously).

Also, if the starting salary for a Thai Police officer is 8,000 per month (someone will confirm?) it's not really surprising that many are struggling financially!

[eastendanto]

not just the Policy, same with most Thai's working in Government - hospitals, schools etc.... all loaned up to the hilt, know a few who get paid every month and are left with about 

1000 baht after paying back monthly loan....

[overt2016]

21 hours ago, snoop1130 said:

Thai cops struggling under debt totalling Bt270bn, says police chief

By THE NATION

 

Suwat Jangyodsuk

 

Thai police officers owe a total of Bt270 billion in debts, national police chief Suwat Jangyodsuk revealed on Friday.

 

Suwat told Thansettakij newspaper that around 209,000 officers had taken loans to support their family or to purchase large items such as cars or houses.

 

The police chief said he has asked Krungthai Bank and the Government Savings Bank to suspend debt payments.

 

He is also seeking ways of generating more revenue for his subordinates. One idea is to set up a market for police spouses to run businesses. Another is to look at assets confiscated by the Anti-Money Laundering Office.

 

He added that he has contacted corporations to request scholarships for police officers’ children.

 

Suwat also pledged to give a live internet broadcast explaining the police force’s mission and allow members of the public to question him in real time.

 

“I will not hide anything and am ready for all questions,” he said.

 

Source: https://www.nationthailand.com/news/30402001?utm_source=category&utm_medium=internal_referral

OK Mr. Police Chief, it's a well known fact among Thais that

ALL police officers have to pay for their promotions.

So what was your total debt to get to where you are and how did you repay it?

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[bangon04]

How many Police Generals does thailand actually need?

[Regyai]

4 minutes ago, bangon04 said:

How many Police Generals does thailand actually need?

 

Supply and demand surely,

 

How many are willing to BUY the appointment

[djuiiy]

>be thai police force

>get paid money from local small and medium businesses

>everyone_happy.jpg

>one day decide to enforce shutdown of all small and medium businesses

>continue for a year

>all small and medium businesses go bankrupt

>"so sad! poor thai police force has no income! "
>asks for loan from general public

[Billy Bloggs]

Just a question here be4 I had to go back to Oz for 2 years(Im now happily back well in quarantine) I was here for 4 years in that time I was fined once because I didnt have a Thai license after being here too long, I got the ticket and went to the police station to pay it, other than that I was never asked to pay anything(I wouldnt anyway I would always ask for a ticket) and had no more fines, Im not a dunce and dont speed dont ride a bike without a helmet etc etc as so many im dont have to follow the rules. So how many of you have in the last 5 years paid a bribe to get let off for something illegal that you did.

[AlfHuy]

What will be the news of next week?

 

Immigration officials in deep trouble?

 

Salaries of 30-100k (I'm guessing) but spending much more.

The extra income stream of 2 or 3X salary has dried up but credits have to be served.

 

The first moment, buying something on finance like a new phone or something must be exciting but this wares quickly off and then, reality kicks in.

Repaying your loan!!!!!

[Billy Bloggs]

Dont know if you are allowed to post links but if Im not just kill this post

 

http://www.salaryexplorer.com/salary-survey.php?loc=215&loctype=1&job=504&jobtype=3

[newnative]

Boo hoo.

[wealthychef]

22 hours ago, Blumpie said:

Oh my, it's called reality.

When you cannot afford to take out a loan you shouldn't.  Why would anyone bail out an individual for taking a loan on a car?  

 

 

Why would anyone bail out a bank for making bad loans?  But that happens.  Why only bail out the rich?  

 

[The retired guy]

23 hours ago, TVGerry said:

If you can't afford it, why are you buying large items like cars and houses in the first place?

Make big face.....

[GWS]

They are already fining farangs for not carrying passport in Pattaya.

[metisdead]

A grammar police post and a reply has been removed.