Russian Arrested After Loaning Money At High Interest Rates

[Lite Beer]

Russian Arrested After Loaning Money At High Interest Rates

The DSI and Pattaya police worked together to arrest a 25 year-old Russian male. He reportedly lent out money to Thai people at extremely high interest rates.

PATTAYA – June 2, 2013 [PDN]; At around 01.00 AM, Police officers of the DSI and Pattaya City police station arrested Mr. Ayrat Khabiryanov, a Russian national. When police arrested him, police were able to seize 7 passports of 7 individuals, police also seized 2 bank account books. He was arrested after it was discovered that the Russian man loaned out money at interest rates that exceed the Thai law’s interest rate regulation.

Police were able to find out that Mr. Ayrat Khabiryanov was on his way to Central Festival Pattaya Beach, which made the police plan an arrest for the Russian. Police tried to arrest Mr. Ayrat Khabiryanov in front of the Starbucks cafe, but he ran away from the police. He fled to his Toyota car, but police were able to catch him.

Read More: http://www.pattayadailynews.com/en/2013/06/02/russian-arrested-after-loaning-money-at-high-interest-rates/?utm_source=twitterfeed&utm_medium=twitter

--Pattaya Daily News 2013-06-02

[Jingthing]

Yeah, Thailand has plenty of native loan sharks already ...

[kotsak]

I bet the local loan sharks are abiding by the Thai law’s interest rate regulation...

[ThaidDown]

He reportedly lent out money to Thai people at extremely high interest rates.

From the script in the picture I would suggest that he was loaning money to Russian speaking people as well.

Although in the eyes of the police maybe that does not count as a crime.

Edited June 2, 2013 by ThaidDown

[johng]

A poster was found stuck on his cat that he was loaning out money to any who is interested.

-Pattaya Daily News

Edited June 2, 2013 by johng

[BookMan]

Caught drinking coffee at Starbucks. Guy should be ashamed of himself

[Payboy]

There's no place in this sea for white sharks.

[LennyW]

He should be locked up for sticking a poster on his cat!!

[up-country_sinclair]

It seems someone didn't want to pay what they owed and made a call to the BIB. Or a local shark didn't like this guy taking his customers.

By the way, I hope we're not going to see more of Russia's organized crime characters and problems surfacing here in Thailand.

[pattayadingo]

I wonder .....

will the BiB transfer the outstanding loans to themselves at 'different rates?

[thaicbr]

He reportedly lent out money to Thai people at extremely high interest rates.

From the script in the picture I would suggest that he was loaning money to Russian speaking people as well.

Although in the eyes of the police maybe that does not count as a crime.

No. He was loaning money to all the Russian speaking THAI tourist guides. That's why the poster is only in Russian

I also note it didn't say what the loan rate was? In another link on that page the gang were charging 2% a day

Sent from my GT-P1010 using Thaivisa Connect Thailand mobile app

Edited June 2, 2013 by thaicbr

[transam]

There are many farangs doing it via their lady. FACT. All over LOS. FACT.

[manarak]

lending to Thai people... but his ads are in Russian.

[blackman]

A poster was found stuck on his cat that he was loaning out money to any who is interested.

-Pattaya Daily News

this poster was stuck to his cat?

jeeez, wheres the cat?

a gigantic pussy should not be hard to find in Pattaya

[guzzi850m2]

There are many farangs doing it via their lady. FACT. All over LOS. FACT.

Yes I heard about that too.

A Dane was killed here in Patts. app.+5 years ago because of his loaning business,

easier to kill him than paying the money back. I don't think they ever found his killers.

It never stop to amaze me what expats will do to stay here: Money lending, drug dealing,

making pornographic movies and even rob banks.

[ThaidDown]

No. He was loaning money to all the Russian speaking THAI tourist guides. That's why the poster is only in Russian

Not many potential customers then, no wonder the interest rate was so high.

[Langsuan Man]

I wonder if he had a work permit for usury

[transam]

There are many farangs doing it via their lady. FACT. All over LOS. FACT.

Yes I heard about that too.

A Dane was killed here in Patts. app.+5 years ago because of his loaning business,

easier to kill him than paying the money back. I don't think they ever found his killers.

It never stop to amaze me what expats will do to stay here: Money lending, drug dealing,

making pornographic movies and even rob banks.

I know a guy that does it via his mrs and brags about relieving Thai folk of their baht with high interest.

[lemoncake]

Call me crazy but the sign says in Russian " Financial help to Russian Citizens without deposits or guarantees."

How exactly Thai's learned to read Russian and became Russian citizens?

Perhaps an unhappy gf decided to take over the biz

[ripstanley]

I bet the local loan sharks are abiding by the Thai law’s interest rate regulation...

The Russian was probably charging less than the local loan sharks. They had to get rid of the competition. Besides he did not have a work permit

.

[lemoncake]

I bet the local loan sharks are abiding by the Thai law’s interest rate regulation...

The Russian was probably charging less than the local loan sharks. They had to get rid of the competition. Besides he did not have a work permit

.

I do not think its a full story, at 25 years old, rest assured there is someone MUCH bigger behind him and who ever that person is, he is not going to loose money to Thai police.

[Spalpeen]

Maybe the problem wasn't that his rate was higher than the legal Thai rate. Maybe the problem was that he was undercutting the local loan sharks.

[Gerald14]

Put him in jail and after completion of sentence kick him out never to return

[thrilled]

2% A day. 730% A year,That person is really low with that kind of interest.They should put A hurting on him for doing that.I could see charging A reasonable interest,but that amount is obserd.

[ALFREDO]

There are many farangs doing it via their lady. FACT. All over LOS. FACT.

Yes I heard about that too.

It never stop to amaze me what expats will do to stay here: Money lending, drug dealing,

making pornographic movies and even rob banks.

Is there not a saying?

"When in -Rome-, do as the Romans do!"

So in Thailand -.....do as the Thais do!-

[ALFREDO]

2% A day. 730% A year,That person is really low with that kind of interest.They should put A hurting on him for doing that.I could see charging A reasonable interest,but that amount is obserd.

Where did you read the kind of "interest" he charged? I could not see them published!

Your numbers are from a LINK and a different article in -Pattaya Daily News- about Thai Loan sharks.

-thaicbr- only "mentioned" that article!

Edited June 2, 2013 by ALFREDO

[kotsak]

There are many farangs doing it via their lady. FACT. All over LOS. FACT.

Yes I heard about that too.

It never stop to amaze me what expats will do to stay here: Money lending, drug dealing,

making pornographic movies and even rob banks.

Is there not a saying?

"When in -Rome-, do as the Romans do!"

So in Thailand -.....do as the Thais do!-

I prefer the one that says "When in Rome, do the Romans.."

[Morden]

Lending money to tourists and expats. is doomed to failure, especially as he didn't even want any collateral.

His biggest mistake was to advertise his business in public.

All in all, he seems to be something of a dimwit.

[webfact]

Russian nabbed in connection with loan shark racket
By English News



PATTAYA, June 3 – A Russian national was arrested in this eastern resort town Saturday night on charges of predatory lending and illegally working in Thailand.

Police said Ayrat Khabiryanov was a member of the Russian loan shark racket which has been involved in illegally offering loans at extremely high interest rates since last year.

Deputy Interior Minister Chat Kuldilok said Thai police have been hunting for the group after more than 10 Russian money borrowers filed complaints with the authorities last month.

They told police that the group offered Bt5,000-30,000 to a borrower and charged a daily interest of 2 per cent or 60 per cent a month, subject to interest payment every 10 days. The borrowers’ passports were taken as collateral when the loans were given.

Those who failed to pay the loans were assaulted or confined. Some were taken to the Thai authorities to face charges of staying in Thailand without passports.

Police seized a list of 285 money borrowers, all of whom were Russians.

Mr Khabiryanov was responsible for receiving phone calls and keeping accounts of all loans dispersed, police said. (MCOT online news)


-- TNA 2013-2013-06-03

[retell]

there are gonna be some happy russians now bye, bye debt

Edited June 3, 2013 by retell