Big Loan Shark Gang Arrested In Rayong

[Rimmer]

Big Loan Shark Gang Arrested In Rayong

Police in Rayong have arrested a big loan shark gang consisting of 14 defendants and property, 2 cars, 6 pick-up trucks, 23 mobile phones, cash 100,000 THB, bankbooks with cash flow showing over 10 million THB in daily circulation.

RAYONG – October 17, 2014 [Pattaya Daily News]; at Rayong Provincial Police Division, Pol.Lt.Gen. Thanet Phinmueang-ngarm (Commissioner, Section 2) and Pol.Maj.Gen. Chettha Komonwatthana (Commander, Section 2), Pol.Col. Monthian Phan-im (Deputy Commander of Rayong Provincial Police Station), Pol.Col. Suraphon Mongkhonyuth (Superintendent of Rayong Provincial Police Station), Pol.Col. Tharnnawat Theerachotrueangchai (Superintendent of Mueang Rayong police station) together made a statement about the arrest of 14 defendants which consisted of:

Full story:http://www.pattayadailynews.com/pattaya-news/big-loan-shark-gang-arrested-rayong/

-- Pattaya Daily News 2014-10-19

[Costas2008]

Good 14 apprehended, another 10,000 to go.

Make a note these people on their defence they will insist that they were lending the money with 10000% interest only to help the people in need.

Scums.

[slapout]

Follow the source of funds which were/are out on loan, via the woman, her contact at the next level up, etc and then you start seizing assets of those who are probably loaning out monies which did not come from legal businesses.

If 10 million is circulated daily, your talking a huge amount of up front money as well as assets, the illegal intrest received, bought and paid for. Place the majority of those arrested 12 or 13 on fishing boats as crew and let them see what working for a living is like.

Thailand brags of less than 1% unemployment, if you would take the number of Thai's making a living via illegal activity, add these numbers together and publish the real number as a non productive waste of oxygen, people might wake up to reality. Then throw in the BIB, inactive and active corrupt civil workforce and publish a real eye opener number

[mrtoad]

When I read the first big with all the police names, I assumed they were the defendants

[retarius]

Were any of those arrested any of the senior members of the gang....somehow I think the ringleaders will have escaped scot-free

[maidee]

i wish i could legally lend some millions at 10 -20% per year , that would be a good return

sadly, only for thai people and they charge that per month

[huangnon]

Were any of those arrested any of the senior members of the gang....somehow I think the ringleaders will have escaped scot-free

They always do. Crime is "franchized" here, not stopped.

Money-lenders will always have lots of business, because Thais are so piss-poor at personal financial planning. And planning ahead generally.