Chinese manager arrested at loan shark operation - it had moved from Bangkok to Phuket

[webfact]

Picture: Naew Na

 

Thailand's chief of immigration Pol Lt-Gen Sompong Chingduang and his staff gave details of a bust of a Chinese run loan sharking operation in Phuket.

 

Following investigations in Bangkok the police discovered that the operation had moved south to the Koh Kaew sub-district of Muang district Phuket.

 

After obtaining a search warrant they moved in and arrested the manager a Chinese man called Liaw, aged 27. This happened on August 9th.

 

He was charged with offences related to running a loan sharking business and working illegally in Thailand. 

 

There were 19 employees each paid 10-15,000 baht a month to call 10-15 clients a day to resolve unpaid accounts. For each one they cleared they were paid 8 baht.

 

Money obtained went into Liaw's bank account. 

 

There were 20,000 clients on the books and 43 items of evidence were recovered. 

 

The business had relocated to Phuket from Bangkok, reported Naew Na yesterday. 

 

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[SCOTT FITZGERSLD]

did he have work permit?

seriously.

he can't have such a large operation without some legal frame. banks

won't allow so many payments without seeing company / work permit. and

if so,what was the name of his business? PHUKET SHARK TOURS Co. Ltd.?

[stevenl]

1 hour ago, SCOTT FITZGERSLD said:

did he have work permit?

seriously.

he can't have such a large operation without some legal frame. banks

won't allow so many payments without seeing company / work permit. and

if so,what was the name of his business? PHUKET SHARK TOURS Co. Ltd.?

More likely Bangkok Shark Tours, since that is where he moved from.

[hotchilli]

Probably moved from Bangkok to Phuket to lend money to desperate locals wanting to open up a business... 

[mr_lob]

This shark has well and truly been de-finned.

[ChC1]

Meanwhile, the local sharks are swimming freely and enjoy the moment that invading species are cleaned out. Maybe time to raise the interest rates?

[Aussieroaming]

Did he relocate because he had been busted in Bangkok? If so, why wasn't he arrested and detained in Bangkok? Maybe the RTP should be following the brown envelopes in Bangkok.

[pizzachang]

1 hour ago, ChC1 said:

Meanwhile, the local sharks are swimming freely and enjoy the moment that invading species are cleaned out. Maybe time to raise the interest rates?

Yes, they operate next door to my house!

[Dont confuse me]

20,000 'clients' on the books! That's some operation! Although I don't think all will be active. 

He's made some cash me thinks!