In Nonthaburi on December 15th, Ms Siriya, a borrower, owed money to Mr Sumet, a notorious loan shark. She pleads for a payment pause after just learning she has a cancerous cyst in her breast. Sumet’s unyielding response leads to an explosion of hate and frustration. His life ended in a violent confrontation with the woman’s husband.

The murder of a loan collector in Nonthaburi over a week ago gives a chilling insight into the nightmare realm of informal debt in Thailand. It is also, from the point of view of Thai authorities, a red light as the man was mowed down by a powerful pickup truck. It was owned by a man whose wife was under the cosh of the reviled local moneylender. He was, however, the victim of a brutal murder being pursued by Nonthaburi police. Police quickly identified the perpetrator as the husband of a hard-pressed borrower. His wife asked for a pause in loan repayments. She had just discovered she had breast cancer.

 

Thailand’s campaign to help hard-pressed borrowers is leading to heightened tension between borrowers and lenders.

 

On the evening of December 15, 2023, a Friday, in Nonthaburi Province, the husband of a borrower took drastic and fatal action, in response to pressure to make repayments. At length, it resulted in the violent death of the creditor.

 

by Carla Boonkong & Pranee O' Connor

TOP: Photos from the scene of the fatal incident on December 15th. The husband of a borrower, in a fit of rage, used his pickup vehicle as a lethal weapon to murder a loan shark. It occurred on the day his wife learned she had breast cancer and was refused a payment pause.

 

Full story: Thai Examiner.com 2023-12-27

 

- 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

Oh well, no great loss to society.

Big Joke must have his hands full, the sharks are everywhere!

1 hour ago, webfact said:

the man was mowed down by a powerful pickup truck. It was owned by a man whose wife was under the cosh of the reviled local moneylender.

Upgrade him to a BMW! 

Regardless of the reasons, murder is murder. One person is dead, and the murderers death should follow quickly!

7 minutes ago, prakhonchai nick said:

Regardless of the reasons, murder is murder. One person is dead, and the murderers death should follow quickly!

I would call it community service!

3 hours ago, webfact said:

On the evening of December 15, 2023, a Friday, in Nonthaburi Province, the husband of a borrower took drastic and fatal action, in response to pressure to make repayments. At length, it resulted in the violent death of the creditor.

For some reason I feel no sympathy for the loan shark.

30 minutes ago, prakhonchai nick said:

Regardless of the reasons, murder is murder. One person is dead, and the murderers death should follow quickly!

What percentage are you charging?

When one in the business of loan sharking and other similar risky business, one should not be surprised to find himself

on the receiving end of an unhappy, irked customers...

A sad ending to someone signing a piece of paper that they should not have done.

Now if the court turns him loose it will send a message to other loan sharks that their days are numbered.

41 minutes ago, soalbundy said:

What percentage are you charging?

Must be a Yank or an Iranian to make such a comment.

Beware the limits of emotional control of people in some countries. Some.....

1 hour ago, prakhonchai nick said:

Regardless of the reasons, murder is murder. One person is dead, and the murderers death should follow quickly!

Little or no idea! 

I think many borrowers will be grateful to this man

4 hours ago, webfact said:

The murder of a loan collector in Nonthaburi over a week ago gives a chilling insight into the nightmare realm of informal debt in Thailand.

.

A murder that made many people happy ...

58 minutes ago, JMT42 said:

Must be a Yank or an Iranian to make such a comment.

For a change no one mention a Jew, you know, being a Shylock and all in Shakespeare's play

'The Merchant of Venice'.

( as a Jew myself I'm allowed to pock fun at this subject)

Edited December 27, 20232 yr by ezzra

Why are a lot of stories on AN being repeated every day this was 12 days ago and reported then. 

An obvious first-degree murder...

3 hours ago, prakhonchai nick said:

Regardless of the reasons, murder is murder. One person is dead, and the murderers death should follow quickly!

You have never been desperate enough then. I am not saying he deserved to die but he did not receive any punishment for his illegal activities whilst money lending.

 

1 hour ago, brianthainess said:

Why are a lot of stories on AN being repeated every day this was 12 days ago and reported then. 

 

Were you expecting quality journalism Brian? Your bad!

I would suggest most punters here either take an opportunity to complain, about anything.. or laugh about TIT.

Excellent outcome.

3 hours ago, WDSmart said:

An obvious first-degree murder...

If the shark was standing upright, it was a 90 degree murder.

I seriously doubt the dead loan shark is going to get much sympathy from many people on this forum. These guys seem to behave like vermin, one less vermin on the planet is fine by me. 

10 hours ago, webfact said:

man was mowed down by a powerful pickup truck

Should be mandatory for loan sharks and pedophiles. 

 

 

8 hours ago, WDSmart said:

An obvious first-degree murder...

Good riddance to the lowlife leech!

13 hours ago, hotchilli said:

For some reason I feel no sympathy for the loan shark.

Does anybody ?

 

Loan sharks need to eat too !

 

Debt repaid earlier than expected 🤔

On 12/27/2023 at 4:01 AM, ukrules said:

Oh well, no great loss to society.

ps a good loss .well deserved 

On 12/27/2023 at 7:15 AM, JMT42 said:

Must be a Yank or an Iranian to make such a comment.

Typical PoM