Famous "Look Chup" seller disappears owing millions - creditors line up as Chonburi police investigate

[webfact]

 

Creditors of a famous seller of the Thai sweet "look chup" (marzipan imitation fruits) are lining up and wanting their money back.

 

They claim that Rossukhon Pansai - who appeared on TV many times - owes them 20 million baht.

 

A Facebook post utilizing language far less sweet than look chups alerted Sanook reporters to trouble in Chonburi.

 

The matter is now in the hands of the Muang Chonburi police.

 

Nathakan, 32, said she was owed 6.5 million, Rinnapha 1,880,000 and many others were due 11 million baht.

 

Nathakan said she had known "Ros" for several years and lent her money at interest rates. But towards the tail end of last year problems started and she asked for all her money back.

 

It was not forthcoming and she said in her post that both the woman and her husband had now gone to ground.

 

Despite being eight months pregnant Rinnapha was more forgiving urging Ros to come back and help her during the time of childbirth.

 

She referred to the sweet seller as her mum.

 

Both ladies talked of how they had trusted their friend with their money due to her business, house and social standing.

 

Now they want answers - and their money back. 

 

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[Mr Meeseeks]

Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again.

[delgarcon]

14 minutes ago, Mr Meeseeks said:

Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again.

At 20% interest per month, I'd take the risk!

[KarenBravo]

Obviously a "Chit Fund".

 

Inevitably, the person holding the funds gets in to trouble financially and does a runner with the money.

Never heard of a chit fund that didn't end this way. Thais know this, too, but their greed outweighs any caution.

[worgeordie]

Lent her money why, to expand her imitation fruit empire .....????

regards worgeordie 

[jacko45k]

1 hour ago, worgeordie said:

Lent her money why, to expand her imitation fruit empire .....????

regards worgeordie 

It was a plum investment in a peach of a business woman.

[Pedrogaz]

3 hours ago, delgarcon said:

At 20% interest per month, I'd take the risk!

Usury mate....I hope you lose all your money.

[Bluespunk]

4 hours ago, webfact said:

Nathakan said she had known "Ros" for several years and lent her money at interest rates. But towards the tail end of last year problems started and she asked for all her money back.

Yeah...the problem with that is someone who needs to borrow 6 million is unlikely to have it available to pay back, when they are having troubles meeting the repayment plan [plus possibly exorbitant interest rate], at the drop of a hat.

Edited January 17, 2022 by Bluespunk
clarification

[hotchilli]

6 hours ago, webfact said:

Both ladies talked of how they had trusted their friend with their money due to her business, house and social standing.

 

Now they want answers - and their money back. 

Bless... so trusting.

[DBath]

I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again.

[BusyB]

4 hours ago, DBath said:

I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again.

I only ever give money, that way it's never more than I can afford and if I get some back it's gravy.

I did spend many years living off an overdraft. But at least the interest for that was manageable. I used it as a revolving credit when I chose to live beyond my means. It's all paid back now.

I wonder how much these people actually lent and at what interest rates. I don't believe they lent millions. I suspect that's the level of debt accrued.

 

Edited January 17, 2022 by BusyB

[chickenslegs]

10 hours ago, jacko45k said:

It was a plum investment in a peach of a business woman.

Until it went pear shaped.

[The Hammer2021]

13 hours ago, Mr Meeseeks said:

Lesson: Never, ever, and I mean ever, lend a Thai money unless you reconcile yourself with never seeing it again.

  Money lending is a major  business  here. Like all modern societies the Thai economy  is based on credit and loans.  When lending and borrowing money careful judgement  has to be made. I see at least 16 people didn't. 'Never a lender nor a borrower be'. Or never lend out what you can't afford  to lose! lol

[Golden Triangle]

It wasn't a loan it was a gift ???? cor, at least get that right.

[The Hammer2021]

10 hours ago, Pedrogaz said:

Usury mate....I hope you lose all your money.

Historically money lenders offered opportunities to all manner of people who otherwise could not afford their ambitions.

Edited January 17, 2022 by The Hammer2021

[scorecard]

7 hours ago, DBath said:

I've always followed a strict rule: Never, ever lend money to friends or family, unless you are okay with never seeing it again.

My Thai son got numerous requests to 'borrow his money' when he started university and his uni colleagues realized he had a western family name.

 

He did loan once, never any payments, he asked 'when are you going to pay back the money you borrowed from me?'  Response 'if you are going to ask for me to repay the money then you're not a nice friend' They never spoke again.

 

After that his standard response was 'Well I have no money and I'm hoping I can borrow from you, can you give me 5,000Baht today!' 

 

The word spread quickly, nobody asked him again.

 

[timendres]

On 1/17/2022 at 10:08 AM, delgarcon said:

At 20% interest per month, I'd take the risk!

When repayment is never going to happen, you may as well make it 1000% - it still amounts to nothing.

[delgarcon]

On 1/19/2022 at 12:37 AM, timendres said:

When repayment is never going to happen, you may as well make it 1000% - it still amounts to nothing.

I'm afraid you don't know what you're talking about. Yes the lenders take a hit now and again, but repayment is not so important when you're getting the capital back with 5 months of interest.

[delgarcon]

On 1/17/2022 at 1:40 PM, Pedrogaz said:

Usury mate....I hope you lose all your money.

What a strange reply!