Loan Shark Gang Leader Arrested After Violent Debt Collection Incident in Chiang Mai

[Georgealbert]

 

Picture of arrest.

 

Police have arrested a notorious loan shark gang leader known as “Oat” following reports of violent debt collection tactics, including an attack on a noodle shop in Saraphi district, Chiang Mai. The incident has left local residents fearful and has sparked a crackdown on illegal money lending operations in the region.

 

The arrest follows an incident on 21 February when a gang of illegal moneylenders was reported to have used intimidation tactics against a debtor in Chaiyasathan subdistrict, Saraphi. Social media posts described how a noodle shop was vandalised after the borrower failed to answer collection calls, despite insisting they had never missed a payment. The violent nature of the incident caused widespread alarm in the local community.

 

On 22 February, a joint operation led by Pol. Lt. Gen. Kritthapol Yisakhon, Commissioner of Provincial Police Region 5, along with senior officers from Chiang Mai Provincial Police, resulted in the arrest of 33-year-old Oat. He was charged with operating an unauthorised lending business, offering loans at unlawfully high interest rates, and engaging in financial practices resembling those of a regulated bank without proper licensing.

 

Authorities also seized evidence, including

 

• A silver Toyota Corona (registration from Chiang Mai)

• A black Oppo mobile phone

 

Oat is now facing legal proceedings as part of a broader effort to dismantle illegal loan networks that exploit vulnerable borrowers.

 

Pol. Lt. Gen. Kritthapol emphasised that ensuring public safety is a top priority, warning that similar cases will be dealt with swiftly and decisively. He reiterated that authorities in the northern region are committed to eradicating illegal moneylending operations and protecting residents from financial exploitation and intimidation.

 

The crackdown on underground lending networks reflects the Thai government’s ongoing efforts to combat financial crimes and ensure economic justice for all citizens. Further investigations are underway to identify and prosecute additional members of the gang.

 

-- 2025-02-23