Woman Selling Blended Drinks Found Running Illegal Loan Operation in Sattahip

[Georgealbert]

 

Picture of arrest.

 

A woman in Sattahip, Chonburi, has been arrested after authorities discovered she was operating an illegal loan business, charging interest rates of 2% per day. Police seized a firearm and detailed records of 34 clients during the raid.

 

The operation was led by Pol. Maj. Gen. Nuntawut Suwannalaong, Deputy Commander of Police Region 2, and Pol. Maj. Gen. Thirachai Chamnanmor, Commander of the Region 2 Investigation Division. Armed with a search warrant issued by Pattaya Provincial Court, the investigative team searched the suspect’s home, which also operated as a blended drink stall.

 

Inside the property and the suspect’s vehicle, police found two notebooks listing detailed records of loans, including names, principal amounts, and accrued interest for 34 clients. They also confiscated a Glock 43 pistol with 12 rounds of ammunition hidden in a black shoulder bag.

 

The homeowner, a 40-year-old woman identified only as Ms Ying, claimed the firearm belonged to her boyfriend and was legally registered. She denied being a loan shark, stating the records were old and that the loans were informal agreements among friends, relatives, and acquaintances. She further claimed the money she lent came from her earnings from selling blended drinks over the past five years.

 

The investigation began after a group of borrowers filed a formal complaint with Region 2 Police, providing evidence of the illegal loans. Investigators confirmed that Ms Ying had been operating a loan scheme with interest rates exceeding the legal limit of 15% per annum, instead charging 2% daily.

 

Ms Ying was charged with:

 

1. Lending money at interest rates exceeding the legal limit.

2. Operating an unauthorised personal loan business.

 

She later confessed to all charges and was taken to Plutaluang Police Station for further legal proceedings.

 

Authorities have reminded the public that lending money at exorbitant interest rates violates the law and can result in severe penalties.

 

-- 2024-12-27

 

 

[steven100]

12 minutes ago, Georgealbert said:

She denied being a loan shark, stating the records were old and that the loans were informal agreements among friends, relatives, and acquaintances. She further claimed the money she lent came from her earnings from selling blended drinks over the past five years.

could she tell any more lies .....   

[Briggsy]

So, when you see those businesses that seem to exist for years with a revenue that would not support a soi dog, ask yourself is this simply a front to hide proceeds from criminal activities.

[hotchilli]

7 hours ago, steven100 said:

could she tell any more lies .....   

Given time quite possibly.

[PETERTHEEATER]

I

It's heatwarming to see a Major General leading from the front in these assaults. They're not all desk jockeys in the RTP. Good not know that her boyfriend owns the 'ladies gun' found in her handbag.

[jcmj]

Well it’s two sided for me. The people went to her for a loan that obviously no bank would give them and they knew the terms, but as usual couldn’t pay it back as quickly as they expected. 
The lady obviously had a gun and her boyfriend was probably the enforcer, but she had the gun in her house so she can’t deny that. She had all of the records of the loans, but said they were old and to family and friends. Don’t believe that, if any part of that was true, she wasn’t a very nice relative or friend. She got caught and now has to pay for it. Unlike the others who got the money and didn’t pay it back. She should have just been smart about it and not greedy. I know the people were probably desperate for the money but should have gone somewhere else once they saw the terms. Don’t borrow money if you know you can’t afford to pay them off.  This has been going on since the beginning of time and will continue for many, many more decades to come. 

[kidneyw]

I often wonder why people that borrow from loan sharks do not report this activity to the authorities, more often,  in order to get them arrested and maybe be able to default in making further payments on said loan. Would make sense. Of course getting plod to act on it might be the problem.

[KannikaP]

What has the 'Selling Blended Drinks' got to do with it?

 

Oh, now I saw it in the fourth paragraph.

[scottiejohn]

20 minutes ago, kidneyw said:

I often wonder why people that borrow from loan sharks do not report this activity to the authorities, more often,  in order to get them arrested and maybe be able to default in making further payments on said loan. Would make sense. Of course getting plod to act on it might be the problem.

Think about why they are borrowing in the first place!

It might just be counter productive to report such actions/transactions to "authorities"!