Cyber Police Arrest Loan Shark, Seize Over 3 Million Baht

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In a decisive operation, the Cyber Crime Investigation Bureau (CCIB) cracked down on a significant illegal money-lending scheme, arresting a 43-year-old woman involved in online lending with exorbitant interest rates.

 

Approximately 3 million baht was discovered at her residence, indicating the scale of her operations.

 

Police Major General Phumipat Phattharasriwongchai, chief of the CCIB Region 5, ordered Police Lieutenant Colonel Kritthapop Kaewrod to execute a search warrant issued by the Trang Provincial Court on July 17.

 

The action led to the arrest of Khwanjira, also known as Madame Khwan Hadlao, the primary operator of this unlawful money-lending network.

 

The operation took place in Palian Subdistrict, Trang Province. Following an in-depth investigation by the CCIB’s Cyber Guard Team, Khwanjira's activities were tracked through various social media channels like Facebook and Line, revealing a Facebook page luring borrowers with illegal high-interest loans.

 

Evidence gathered enabled officers to obtain a search warrant. During their search of Khwanjira’s home, police found substantial proof, including customer chat logs and banking records showing transactions amounting to over 3 million baht (approximately US$83,300).

 

Khwanjira confessed to her operations during interrogation, explaining her practice of lending 1,000 baht (US$27) with borrowers required to repay in weekly instalments totaling 1,400 baht (US$40), reflecting a monthly interest rate of 20%. This high rate significantly exceeds the legal limits.

 

Police have charged Khwanjira and seized all relevant evidence, transferring her case to the investigation unit at Ban Nong Aueang Police Station.

 

In another related sweep, authorities also apprehended a 34-year-old involved in online gambling and illegal money-lending while he was collecting interest. This recent crackdown demonstrates the CCIB's ongoing commitment to tackling financial crimes facilitated through cyber channels.

 

Picture courtesy: Khaosod

 

-- 2024-07-18

 

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[Tropicalevo]

As she probably does not keep the illegal money in the bank, I would guess that she will be entitled to the 10,000 baht vote buying payout.

[hotchilli]

Madam Khwan you are now royally nicked

[kidneyw]

But will it stop her. I doubt it.

[john donson]

explaining her practice of lending 1,000 baht (US$27) with borrowers required to repay in weekly instalments totaling 1,400 baht (US$40), reflecting a monthly interest rate of 20%. This high rate significantly exceeds the legal limits.

 

 

20% a month would be 200 baht... it states 7 times more...

 

 

[Will B Good]

I see these guys in BKK, soi 7, soi 8, soi 11 doing their rounds.....must be making a fortune.