Illegal East Pattaya Money Lending Gang arrested by Army and Police

[webfact]

Illegal East Pattaya Money Lending Gang arrested by Army and Police



PATTAYA: -- In a joint operation involving the Army and Nongprue Police, three members of an illegal money lending gang were arrested and assets were seized from an East Pattaya house on Sunday Night.

Police obtained a search warrant and made their way to the house with the Army. It was known that firearms were kept at the location so extreme caution was taken.

Inside the house were three people suspected of running the operation. Police arrested Khun Pongsak aged 36, Khun Anurat aged 34 and Khun Juglaet aged 24 and seized 100,000 Baht in cash, 6 firearms including 3 rifles, 300 bullets, 1 Pick-up truck and 5 motorbikes. A book containing details of over 100 customers was also seized and taken into evidence.

Full story: http://www.pattayaone.net/pattaya-news/151919/illegal-east-pattaya-money-lending-gang-arrested-by-army-and-police/


-- Pattaya One 2014-10-27

[ezzra]

Arresting one gang is akin to killing one cockroach, one down and many more out there,

this is a tool lucrative business to in to give it up and the rewards are most definitely

worth the risks, the Thai black economy is fueled by money landings, billions of baht

are in circulation, without that people might resorts to crimes to obtain cash for daily

life and no government want that to happened....

[aspenninja]

This is all well and good, but really just getting these "little fish" will do nothing. Thailand seriously needs to step it's game up, and actually bust the leaders of these rings. Regardless of who they are and how much money they have. But until they dump the "saving face" mentality and "rich equals untouchable", this is just fodder.

[northernboy]

Just cleaning out the competition in order for the official Thai government soon to licensed money lenders to have problems with finding clients.

Sorry calling it as anyone with foresight would find hard not to see it as a positive PR opportunity on the side. As well as a justification for their new lending scheme.

[Sviss Geez]

This is all well and good, but really just getting these "little fish" will do nothing. Thailand seriously needs to step it's game up, and actually bust the leaders of these rings. Regardless of who they are and how much money they have. But until they dump the "saving face" mentality and "rich equals untouchable", this is just fodder.

"Thailand seriously needs to step it's game up, and actually bust the leaders of these rings."

Which is exactly what happened in this case if you bother to read the report properly.

[aspenninja]

This is all well and good, but really just getting these "little fish" will do nothing. Thailand seriously needs to step it's game up, and actually bust the leaders of these rings. Regardless of who they are and how much money they have. But until they dump the "saving face" mentality and "rich equals untouchable", this is just fodder.

"Thailand seriously needs to step it's game up, and actually bust the leaders of these rings."

Which is exactly what happened in this case if you bother to read the report properly.

Haha Oh yeah, I'm sure the main boss would hang out with his malcontents. These are classic small fish. these are the foot soldiers. All this is is an inconvenience to the guy or guys who actually make profit from this.

If you think the main guys were busted in this raid, you're much too naive.

[lucjoker]

look at the pictures in the original article.

The amounts of debt were ranging from 20 bht up to 250 bht ??????

Those 100 clients were schoolchildren ?

[chrisinth]

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look at the pictures in the original article.
The amounts of debt were ranging from 20 bht up to 250 bht ??????
Those 100 clients were schoolchildren ?

Probably the interest made on loans to 100 school children.

Its not the money lending itself, it is the extortion that is asserted with the interest.

Easy to say its a mugs game, but some of the people using these services have nowhere else to go, thats the sad part.

[mango66]

the Policeman don't look happy,

his daily provision is gone :-(( !!