Jump to content

Illegal high-interest loan scheme busted in Thung Yai, 3 arrested


Recommended Posts

Posted

image.jpeg


Cyber police raided three homes in Thung Yai district, Nakhon Si Thammarat today, arresting three suspects involved in an illegal high-interest loan operation.

 

According to the commander of the police, three suspects were apprehended along with mobile phones, bank account passbooks, record books, and documents detailing loan agreements with interest rates exceeding the legal limit of 15% per year.

 

Police, led by Thapakorn Humamart, were tasked with carrying out searches in the Thung Yai district after receiving arrest warrants. The suspects were captured in three separate locations.

 

The suspects are: 31 year old Kittipong; 35 year old Kanyakornd; and 36 year old Pimpa. Authorities seized their mobile phones, as well as bank account books and records of their illegal loan operations.

 

by Nattapong Westwood

 

Full story: https://thethaiger.com/hot-news/crime/illegal-high-interest-loan-scheme-busted-in-thung-yai-three-suspects-arrested-with-thai-baht-records-2

 

Thaiger

-- © Copyright Thaiger 2023-06-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

Posted
1 hour ago, webfact said:

According to the commander of the police, three suspects were apprehended along with mobile phones, bank account passbooks, record books, and documents detailing loan agreements with interest rates exceeding the legal limit of 15% per year.

Around here the going rate is 20%

Posted

Is this the first prosecution of thousands to come as the practice of illegal loans above 15 percent is rampant in Thailand .

 

Posted

Would be good if the did step up a crackdown on these loan sharks and provided people with a contact agency, most are are afraid of police involvement when they run into problems.

Posted

Almost guaranteed every loan shark operation either has police as partners or police on their books. Police are a good deterrent for those wanting to screw the loan shark. My wife used to loan money years ago. 
Anyone getting caught most likely had a falling out with the cops involved. 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...