Crime Police Bust 3 Illegal Loan Shark Networks

[Georgealbert]

 

Picture courtesy of Khaosod.

 

Authorities have dismantled a sprawling illegal loan network operating under the notorious name “Jae Aun Quick Cash”, arresting six suspects including high-profile financier Ms. Suphaphak, known for her aggressive interest rates and bold marketing tactics.

 

The nationwide operation, carried out on 31 May, was ordered by Pol. Maj. Gen. Tatsapoom Charuprachya, Commander of the Economic Crime Suppression Division. Officers executed raids at six targeted locations across Bangkok, Pathum Thani and Sukhothai, arresting six individuals and seizing significant evidence related to illegal moneylending operations.

 

Investigators say each of the three networks uncovered had revolving capital exceeding 100 million baht, and were charging exorbitant interest rates well above legal limits.

 

Target 1: “Cash Today” – Chantaburi

 

The first crackdown focused on “Cash Today”, a business promoted via Facebook and allegedly operated by Mr. Sumet, who evaded arrest at the scene but later surrendered to police. His operation reportedly charged 10% monthly. Officers found financial documents and other evidence at his Chantaburi residence. Two other suspects, Ms. Suphatra (54) and Mr. Rewat (39), were arrested in Bangkok and admitted to their roles in profiting from the illegal scheme.

 

Target 2: Lam Luk Ka, Pathum Thani

 

In the second operation, police arrested three men, Mr. Phonpawit (54), Mr. Kritin (30), and Mr. Chao (31), for running an unauthorised loan business in Lam Luk Ka. Their model reportedly charged daily interest of 2%. The two younger suspects acted as enforcers responsible for debt collection, sometimes using threats and intimidation.

 

Target 3: “Jae Aun Quick Cash” – Sukhothai

 

The third and most notorious figure arrested was 35-year-old Ms. Suphaphak, better known by her alias “Jae Aun Quick Cash”. Her brazen slogan, “If 2% monthly is too much, go borrow from the government”, was printed on promotional T-shirts and found during the raid. Her operation allegedly imposed interest rates of 7.57% per day. Those unable to pay were routinely visited by her operatives, who were known to use threats and intimidation.

 

During the raid on her residence and office in Sukhothai, police uncovered numerous documents detailing borrower records, debt acknowledgement forms and stacks of merchandise promoting the illegal lending service. Ms. Suphaphak confessed to all charges.

 

Authorities confirmed that the seized evidence and financial records will form part of the prosecution’s case, as all suspects have now been handed over to the Economic Crime Suppression Division for legal proceedings.

 

 

  Adapted by Asean Now from Khaosod 2025-06-01.

 

 

 

[ozz1]

Good keep it up

[JoePai]

String them up

[ChipButty]

Do they still have to pay back their debts? 

[Gsxrnz]

I'm confused.  It shouldn't be difficult to find every loan shark in the country.

 

They frequently drive their scooters around doling out business cards to everyone they meet.  Often they will just dump a few cards on the bar counters and walk away.  I've seen them just drive down the Soi and throw a handful of cards in the air.  Shotgun marketing.

 

Many lamp posts also have their business cards stuck to them. 

 

The ones nabbed were probably not supporting their local constabulary with sufficient tea money. 

[Quentin Zen]

On 6/1/2025 at 7:37 AM, ChipButty said:

Do they still have to pay back their debts? 

 

I'm sure it will be a Mai bpen rai my good man!!!!  We are only talking about money.   All is forgotten.   The head of snake and the entire snake will forget this loan forever.   Just like with gang bangers and prison.   Once inside, the outside is totally forgotten.

 

or not.  

[Merrill]

Loan sharks who are they I thought Banks were in on that HSBC had a Kiosk for the drug Cartels now closed but not to worry it won't happen again they said. 

[Andre0720]

"His operation reportedly charged 10% monthly."

 

How can anybody brought up in any religion, in any type of moral values, be able to extort that much from fellow citizens.

Enough to lose faith in humanity....