Picture: Naew Na

 

Twenty employees of a Chinese backed loan sharking operation managed to "flee the scene" despite a raid by top brass Thai police.

 

The raiding party at Phailin Park on Ratanathibet Road Soi 28 in Nonthaburi was headed by Pol Maj-Gen Suwat Saengnum accompanied by Pol Col Pornsak Laorujiralai and Pol Col Bunleu Phadungthin armed with a search warrant and assisted by other officers.

 

There were 50 employees at three buildings but 20 managed to escape arrest.

 

130 computers were taken into evidence. The equipment was spread throughout the converted offices at the three, four story buildings. 

 

Police said that the loan sharking operation - through "Chang Pheuak and Chang Archeep 'best loans" sites - had been running for years.

 

But they were constantly moving around and had been located in Chiang Rai, Phetchaburi and Chonburi in the past.

 

They had been in their present offices for the last two months. 

 

A Chinese investor is behind the business. 

 

Naew Na made much of the "cruel" nature of the loans largely skirting over the fact so many people slipped away, notes Thaivisa. 

 

Forty percent of the loan was subtracted at source but the full amount had to be repaid. 

 

That is to say if someone borrowed 2,000 baht they would only get 1,200 baht but when the loan period is up - usually 7 days - they would have to repay the full 2,000 baht.

 

After that interest is usually charged on top.

 

-- © Copyright Thai Visa News 2021-07-01

 

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7 minutes ago, webfact said:

A Chinese investor is behind the business. 

Who no doubt was not arrested (I am sure the story would have said so if he had been), and will carry on as usual, leaving the small fish to go to jail.

The Police came in the front door, they escape out the back door.....

regards worgeordie

3 hours ago, webfact said:

Twenty employees of a Chinese backed loan sharking operation managed to "flee the scene" despite a raid by top brass Thai police.

It should read;

"Twenty employees of a Chinese backed loan sharking operation managed to "flee the scene" because of a raid by top brass Thai police. The rest were not far enough up the food chain to get the memo."

Typo in the headline. Should read, 'thanks to', rather than 'despite'.

While chasing the alleged suspects, RTP no doubt tripped over the brown envelopes...

3 hours ago, worgeordie said:

The Police came in the front door, they escape out the back door.....

regards worgeordie

 

 

And the door was wide enough that they all got out at once!!

 

 

5 hours ago, webfact said:

There were 50 employees at three buildings but 20 managed to escape arrest.

Do they not count all the doors first or what?

It sort of makes sense to cover all exits prior to storming the building. ???? 

 

 

The trouble with being promoted to the natural level of incompetence.

 

Major Generals and Colonels should be behind desks where they are no danger to the public.

 

 

Yes it is so much dependent on those brown envelopes, or quick cash at the escaping door.

Thailand is still truly Amazing...

Geezer