Alleged loan-shark kingpin linked to 1,000 state officials

[webfact]

Alleged loan-shark kingpin linked to 1,000 state officials
By PIYANUCH TAMNUKASETCHAI 
THE NATION

 

Wichai's home

 

BANGKOK: -- A SENIOR Justice Ministry official believes the about-turn by Wichai Panngam, alleged leader of a major loan-shark gang, from surrendering as earlier promised was because of the fear that his interrogation would lead to the arrest of accomplices in high places.

 

Justice deputy permanent secretary Pol Colonel Dusadee Arayawuth said he had heard that Wichai, who reportedly has a similar financial leasing business in Cambodia, was still in Japan.

 

Wichai’s group allegedly has a revolving fund of Bt4 billion, a network of 2,000 moneylenders and 86 franchise branches lending money to some 170,000 borrowers nationwide. His network’s assets, worth about Bt150 million, were seized last week. 

 

Full story: http://www.nationmultimedia.com/news/national/30303063

 

-- © Copyright The Nation 2016-12-29

[dcnx]

Well, he'll either end up jumping from a tall building, fleeing the country, or going right back to work as soon as this blows over. Can't imagine he will tell on everyone, because that would ultimately get him tossed, I mean he would end up dead.

[ezzra]

Such large operation can't function for one day without the knowledge, backing

and cooperation of people in high places, and this guy is right to be very afraid

to end up with a bullied in his skull to shut him up.... Did he ever see a situation

like this happening to him I wonder?

[Srikcir]

3 hours ago, webfact said:

fear that his interrogation would lead to the arrest of accomplices in high places.

TRANSLATION:

Fear of being placed in a DSI cell ... http://www.thaivisa.com/forum/topic/946698-dsi-death-land-official-meets-police/

 

[selftaopath]

Honestly... who really cares what happens to corrupt individuals whose greed drastically and negatively impacts Thailand and the lives of it's citizens? If going to jail or getting killed is the price for illegal/corrupt behavior.... so be it. 

[Emster23]

" Alleged loan-shark kingpin linked to 1,000 state officials "

Coincidence I am sure. What other possible reason could there be?

[greenchair]

What we need is ?

[slapout]

Its no wonder that nothing can be done ''right now'' the majority of the state employees are working for a franchise which their bosses oversee. Their first duty is to collecting outstanding loans, what ever they are paid to do by taxpayer funds can be delayed to form a committee, or so and so is on holiday, ill, etc.

 

I wonder how many franchises are avaliable throught out Thailand , cost of each and area each one takes up.

[Goingmad]

2 hours ago, slapout said:

Its no wonder that nothing can be done ''right now'' the majority of the state employees are working for a franchise which their bosses oversee. Their first duty is to collecting outstanding loans, what ever they are paid to do by taxpayer funds can be delayed to form a committee, or so and so is on holiday, ill, etc.

 

I wonder how many franchises are avaliable throught out Thailand , cost of each and area each one takes up.

Do you want to buy a Franchise ? 

[elgordo38]

4 hours ago, Emster23 said:

" Alleged loan-shark kingpin linked to 1,000 state officials "

Coincidence I am sure. What other possible reason could there be?

Could be a typo. 1,000 state officials? Really? Mr. Prayuth cleanup in aisle 7. The cops seized 150 million bahts out of 4 billion. Velocity of money I guess. 

[elgordo38]

Alleged  loan shark. Hold the phones this guy could be innocent. 

[SOUTHERNSTAR]

30 minutes ago, elgordo38 said:

Could be a typo. 1,000 state officials? Really? Mr. Prayuth cleanup in aisle 7. The cops seized 150 million bahts out of 4 billion. Velocity of money I guess. 

He can't clean his own nose how can he clean up the corrupt brotherhood called the Thai civil service. Like I have said many times, for each B 1 a politician steals here civil servants steal B 1000. There are however a network among civil servants that makes it impossible for elected governments to cleanup the corrupt mess. If you press too hard for army reform like TS did you end up with a coup. Between the family of two hundred and the network its impossible to govern the country.

[Squeegee]

5 hours ago, selftaopath said:

Honestly... who really cares what happens to corrupt individuals whose greed drastically and negatively impacts Thailand and the lives of it's citizens? If going to jail or getting killed is the price for illegal/corrupt behavior.... so be it. 

 

Unfortunately it's not as simple as that. The grim reality of Thailand getting itself cleaned up is that nearly everyone is somehow implicated. That's contributing to the political problems as factions try to blame others since they are incapable of doing the job themselves. That's the most sad thing about all this: there seems to be nobody who can be the saviour.

 

Note I said "seems" because it's not actually true: among the millions of Thai citizens there is bound to be someone out there who could have been an inspiration to the country, it's just too difficult a situation at the moment because the guilty are naturally defensive. If there is anyone clean enough themselves to properly clean up the mess they still have little hope due to wide resistance and danger to their own life.

 

At this point it is no longer political and that is absolute anathema to junta supporters and particularly anti-Thaksin propagandists who need it to be about politics to sustain or achieve their goals.

The fact is though, if the other side were the ones with all the power they would be little different, as we saw with democracy poster boy Thaksin's war on drugs.

 

Of course, Thaksin could have been voted out and that's where it becomes political again... and where it becomes mostly irrelevant to this topic.

 

 

 

Fact is the corruption in Thailand is not political at all, it's personal and it's familial and only after that point is it really political. The politics are really just there to serve corrupt individuals and families.

 

What it really comes down to if we strip away the nonsense is a very deep-seated problem whereby normal, decent people are implicated. The elite of any persuasion, whomsoever they may be, might usually hold all the power and are in control of things, but the guilt and resistance I spoke of is not just limited to them, it is the regular guy on the street, it's the couple of thousand baht to persuade the cops to actually do something, each and every inch of encroaching on a footpath, the paid promotions, protection money, the fear of the bad guys and the fear of the good guys.

 

The first place we look for corruption is where the power lies, and that's rightly so, but cleaning up the country will take more than washing off the cops and the soldiers. It's top to bottom, across the board. If this were cancer, it's too late to operate, it's too late for chemo.

 

Such fundamental change is necessary it would not be the same place.

[elgordo38]

1 hour ago, SOUTHERNSTAR said:

He can't clean his own nose how can he clean up the corrupt brotherhood called the Thai civil service. Like I have said many times, for each B 1 a politician steals here civil servants steal B 1000. There are however a network among civil servants that makes it impossible for elected governments to cleanup the corrupt mess. If you press too hard for army reform like TS did you end up with a coup. Between the family of two hundred and the network its impossible to govern the country.

You make a valid point. 

[CGW]

7 hours ago, selftaopath said:

Honestly... who really cares what happens to corrupt individuals whose greed drastically and negatively impacts Thailand and the lives of it's citizens? If going to jail or getting killed is the price for illegal/corrupt behavior.... so be it. 

Are there any "honest" individuals in positions of power? democracy at work !

You have a very idealistic view point - If only...............

[halloween]

3 hours ago, SOUTHERNSTAR said:

He can't clean his own nose how can he clean up the corrupt brotherhood called the Thai civil service. Like I have said many times, for each B 1 a politician steals here civil servants steal B 1000. There are however a network among civil servants that makes it impossible for elected governments to cleanup the corrupt mess. If you press too hard for army reform like TS did you end up with a coup. Between the family of two hundred and the network its impossible to govern the country.

Appointing his cousin as RTA chief was a reform? who would have guessed?

[Psimbo]

13 hours ago, dcnx said:

Well, he'll either end up jumping from a tall building, fleeing the country, or going right back to work as soon as this blows over. Can't imagine he will tell on everyone, because that would ultimately get him tossed, I mean he would end up dead.

Errr- if you had actually read the article he's in Japan. The devil is in the details.

 

'Interesting' that if this operation had been going on for so long they waited for him to be on holiday before 'swooping ' in on his operation. Any new Mercs in the police car parks perchance? Common sense (I'm sorry, I know!) would have dictated that he be flagged at immigration if he tried (and in this case succeeded) to leave the country. Bearing in mind he allegedly has a similar set up in Cambodia I doubt he will be returning in a hurry.

 

Mind you as there are arrest warrants out for him he could be extradited from japan (oops- there I go again!)

[dcnx]

20 minutes ago, Psimbo said:

Errr- if you had actually read the article he's in Japan. The devil is in the details.

 

'Interesting' that if this operation had been going on for so long they waited for him to be on holiday before 'swooping ' in on his operation. Any new Mercs in the police car parks perchance? Common sense (I'm sorry, I know!) would have dictated that he be flagged at immigration if he tried (and in this case succeeded) to leave the country. Bearing in mind he allegedly has a similar set up in Cambodia I doubt he will be returning in a hurry.

 

Mind you as there are arrest warrants out for him he could be extradited from japan (oops- there I go again!)

 

I saw he had business in Japan but didn't catch he was currently in Japan.

[gdgbb]

7 hours ago, elgordo38 said:

The cops seized 150 million bahts out of 4 billion. Velocity of money I guess. 

Not a bad start considering that B4 billion wasn't likely to be sitting there just waiting to be seized.

[elgordo38]

15 minutes ago, gdgbb said:

Not a bad start considering that B4 billion wasn't likely to be sitting there just waiting to be seized.

By jove your right it was velocitating in the system. Thus my answer. 

[Rc2702]

Nick cage arriving for a sequel soon

[selftaopath]

16 hours ago, Squeegee said:

 

Unfortunately it's not as simple as that. The grim reality of Thailand getting itself cleaned up is that nearly everyone is somehow implicated. That's contributing to the political problems as factions try to blame others since they are incapable of doing the job themselves. That's the most sad thing about all this: there seems to be nobody who can be the saviour.

 

Note I said "seems" because it's not actually true: among the millions of Thai citizens there is bound to be someone out there who could have been an inspiration to the country, it's just too difficult a situation at the moment because the guilty are naturally defensive. If there is anyone clean enough themselves to properly clean up the mess they still have little hope due to wide resistance and danger to their own life.

 

At this point it is no longer political and that is absolute anathema to junta supporters and particularly anti-Thaksin propagandists who need it to be about politics to sustain or achieve their goals.

The fact is though, if the other side were the ones with all the power they would be little different, as we saw with democracy poster boy Thaksin's war on drugs.

 

Of course, Thaksin could have been voted out and that's where it becomes political again... and where it becomes mostly irrelevant to this topic.

 

 

 

Fact is the corruption in Thailand is not political at all, it's personal and it's familial and only after that point is it really political. The politics are really just there to serve corrupt individuals and families.

 

What it really comes down to if we strip away the nonsense is a very deep-seated problem whereby normal, decent people are implicated. The elite of any persuasion, whomsoever they may be, might usually hold all the power and are in control of things, but the guilt and resistance I spoke of is not just limited to them, it is the regular guy on the street, it's the couple of thousand baht to persuade the cops to actually do something, each and every inch of encroaching on a footpath, the paid promotions, protection money, the fear of the bad guys and the fear of the good guys.

 

The first place we look for corruption is where the power lies, and that's rightly so, but cleaning up the country will take more than washing off the cops and the soldiers. It's top to bottom, across the board. If this were cancer, it's too late to operate, it's too late for chemo.

 

Such fundamental change is necessary it would not be the same place.

My thoughts are: Thailand is a lost cause. It will remain backward for generations to come. 

[gdgbb]

16 hours ago, elgordo38 said:

By jove your right it was velocitating in the system. Thus my answer. 

 

My right what, by Jove?   I'm pretty sure that nothing was velocitating in the system re loan sharking unless you've got a new definition for the word.

[elgordo38]

15 minutes ago, gdgbb said:

 

My right what, by Jove?   I'm pretty sure that nothing was velocitating in the system re loan sharking unless you've got a new definition for the word.

The velocity of money is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time

[gdgbb]

24 minutes ago, elgordo38 said:

The velocity of money is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time

 

 

Yes, I know what the velocity of money is, what I don't know is the meaning of your homemade word "velocitating".

[elgordo38]

Just now, gdgbb said:

 

 

Yes, I know what the velocity of money is, what I don't know is the meaning of your homemade word "velocitating".

Yes it was homemade but I think you grab the meaning. It was my new word for 2016

[gdgbb]

1 minute ago, elgordo38 said:

Yes it was homemade but I think you grab the meaning. It was my new word for 2016

Consider it grabbed.  Or, grabitationalised.

[scorecard]

On 12/29/2016 at 6:26 AM, ezzra said:

Such large operation can't function for one day without the knowledge, backing

and cooperation of people in high places, and this guy is right to be very afraid

to end up with a bullied in his skull to shut him up.... Did he ever see a situation

like this happening to him I wonder?

 

Which probably also means that officials who have entered this 'chain' can't get out. Similar to many corruption situations, once your in you can't get out - and if you blow the whistle you expose your own corruption. 

[scorecard]

11 hours ago, gdgbb said:

Consider it grabbed.  Or, grabitationalised.

 

Is that like a Grab taxi?