webfact Posted October 22, 2023 Share Posted October 22, 2023 Chonburi — Chonburi police raided 20 locations across 10 districts in a lightning operation targeting an alleged illegal money lending network involved in exorbitant interest rates, narcotics, and firearms. The operation was carried out on Saturday, October 20th, following an order by the Commander of the 2nd Region Chonburi Provincial Police. More than 50 police officers were dispatched to conduct searches on 20 targets across 10 districts in Chonburi province. The operation primarily focused on dismantling two reportedly illegal money-lending businesses. By Tanakorn Panyadee PHOTO: Siamrath Full story: THE PATTAYA NEWS 2023-10-23 - 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. Get our Daily Newsletter - Click HERE to subscribe 1 Link to comment Share on other sites More sharing options...
2baht Posted October 22, 2023 Share Posted October 22, 2023 High time they cleaned up these lowlife scum! 2 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted October 23, 2023 Popular Post Share Posted October 23, 2023 38 minutes ago, 2baht said: High time they cleaned up these lowlife scum! My local officer offers money at 20%... 3 1 Link to comment Share on other sites More sharing options...
JoePai Posted October 23, 2023 Share Posted October 23, 2023 1 minute ago, hotchilli said: My local officer offers money at 20%... Per week or month ? Link to comment Share on other sites More sharing options...
JBChiangRai Posted October 23, 2023 Share Posted October 23, 2023 1 hour ago, hotchilli said: My local officer offers money at 20%... That is illegal if it's per day, per month, or per year, it's legal if it's per 16 months. A farang's wife here in Chiang Rai borrowed at an exorbitant rate and he went to the police to complain about their threats, the police told him since it was a contract between 2 people they couldn't get involved. I told him to take his complaint to higher up, he didn't. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted October 23, 2023 Share Posted October 23, 2023 1 hour ago, JoePai said: Per week or month ? Typical is borrow 10,000 baht @ 20% interest.. over one month. Paid back daily... ie: 12,000 over 30 days Link to comment Share on other sites More sharing options...
hotchilli Posted October 23, 2023 Share Posted October 23, 2023 4 minutes ago, JBChiangRai said: That is illegal if it's per day, per month, or per year, it's legal if it's per 16 months. A farang's wife here in Chiang Rai borrowed at an exorbitant rate and he went to the police to complain about their threats, the police told him since it was a contract between 2 people they couldn't get involved. I told him to take his complaint to higher up, he didn't. Example.. 10,000 baht loan +20% interest Payable daily over 30 days total loan 12,000 baht Link to comment Share on other sites More sharing options...
JBChiangRai Posted October 23, 2023 Share Posted October 23, 2023 3 minutes ago, hotchilli said: Example.. 10,000 baht loan +20% interest Payable daily over 30 days total loan 12,000 baht Anything more than 15% per annum is illegal. Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted October 23, 2023 Popular Post Share Posted October 23, 2023 6 hours ago, webfact said: Chonburi police raided 20 locations across 10 districts in a lightning operation targeting an alleged illegal money lending network involved in exorbitant interest rates, narcotics, and firearms. It's called, in police parlance, eliminating the competition. 1 2 Link to comment Share on other sites More sharing options...
Cake Monster Posted October 23, 2023 Share Posted October 23, 2023 2 hours ago, hotchilli said: My local officer offers money at 20%... Ever wonder why there are always so many Police Officers visiting Gold Shops 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted October 23, 2023 Share Posted October 23, 2023 3 hours ago, JBChiangRai said: Anything more than 15% per annum is illegal. I'll let the officers wife who does the loans know that. 1 Link to comment Share on other sites More sharing options...
jacko45k Posted October 23, 2023 Share Posted October 23, 2023 21 hours ago, JBChiangRai said: Anything more than 15% per annum is illegal. In Thailand I guess.... even including credit cards? Link to comment Share on other sites More sharing options...
JBChiangRai Posted October 23, 2023 Share Posted October 23, 2023 1 minute ago, jacko45k said: In Thailand I guess.... even including credit cards? I suspect credit cards may be subject to different regulations, I don’t know as I don’t have one. Link to comment Share on other sites More sharing options...
jacko45k Posted October 23, 2023 Share Posted October 23, 2023 (edited) 2 minutes ago, JBChiangRai said: I suspect credit cards may be subject to different regulations, I don’t know as I don’t have one. I do but in my case I have to keep money on deposit as guarantee... those with a work permit can get credit proper. My Mrs once lent money to someone, she was getting 10% a month which did not reduce the amount owed! Edited October 23, 2023 by jacko45k 1 Link to comment Share on other sites More sharing options...
JBChiangRai Posted October 23, 2023 Share Posted October 23, 2023 41 minutes ago, jacko45k said: I do but in my case I have to keep money on deposit as guarantee... those with a work permit can get credit proper. My Mrs once lent money to someone, she was getting 10% a month which did not reduce the amount owed! it’s very common to charge over 15% oa but it is illegal. Link to comment Share on other sites More sharing options...
JohnOFphon Posted October 24, 2023 Share Posted October 24, 2023 50 police offices equals 25 motorcycled? Link to comment Share on other sites More sharing options...
ChipButty Posted October 24, 2023 Share Posted October 24, 2023 It goes on every where, often they come around in the night throwing business cards over the wall, at my house Link to comment Share on other sites More sharing options...
Bobthegimp Posted October 25, 2023 Share Posted October 25, 2023 On 10/24/2023 at 8:38 AM, ChipButty said: It goes on every where, often they come around in the night throwing business cards over the wall, at my house In Australia? Then they send Sharkey around to collect. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now