snoop1130 Posted August 1, 2017 Share Posted August 1, 2017 Police raid sites linked to alleged loan shark By Apichart Hongsakul The Nation Officials raided four locations in Prachuap Khiri Khan province on Tuesday in a crackdown on an alleged loan shark who is said to have a total cash flow of more than Bt200 million. Police raid sites linked to alleged loan shark Found at the locations linked to the alleged loan shark, Sutee Tananantasiri, were 38 guns, land-title deeds, licence plates, and various valuables. Pol General Wirachai Songmetta, the top adviser to the National Police Office, personally led police and soldiers in a joint operation against allegedly illegal money-lending services. “We have taken action in response to a complaint from a Prachuap Khiri Khan resident,” Wirachai said. According to police, the complainant said he submitted land title deeds as collateral for a Bt370,000 loan, but found that the loan contract did not specify an interest rate. He claimed that Sutee’s armed henchmen used intimidation tactics in demanding repayments. Four more people lodged complaints against Sutee on Tuesday. Sutee faces charges of illegal money lending, imposing an illegally high interest rate, intimidation and related offences. If convicted, he faces a jail term and/or a fine. Source: http://www.nationmultimedia.com/detail/breakingnews/30322473 -- © Copyright The Nation 2017-8-1 Link to comment Share on other sites More sharing options...
trogers Posted August 1, 2017 Share Posted August 1, 2017 And the armoury in the photo is legitimate? Link to comment Share on other sites More sharing options...
Thaiwrath Posted August 1, 2017 Share Posted August 1, 2017 8 minutes ago, snoop1130 said: He claimed that Sutee’s armed henchmen used intimidation tactics in demanding repayments. That is the normal when you deal with these money lending people. Link to comment Share on other sites More sharing options...
ukrules Posted August 1, 2017 Share Posted August 1, 2017 I suspect some of these guns were used as collateral on loans. Link to comment Share on other sites More sharing options...
observer90210 Posted August 2, 2017 Share Posted August 2, 2017 Such raids against armed criminal gangs make sense....well done boys!! Just hope the loan sharks get locked up in a nice aquarium for a good bit of time! Link to comment Share on other sites More sharing options...
Lupatria Posted August 2, 2017 Share Posted August 2, 2017 13 hours ago, snoop1130 said: loan shark who is said to have a total cash flow of more than Bt200 million. With that, or probably more money, he's got a ticket to ride... Link to comment Share on other sites More sharing options...
geovalin Posted August 2, 2017 Share Posted August 2, 2017 No arrest. Right? Link to comment Share on other sites More sharing options...
impulse Posted August 2, 2017 Share Posted August 2, 2017 15 hours ago, snoop1130 said: “We have taken action in response to a complaint from a Prachuap Khiri Khan resident,” Wirachai said. According to police, the complainant said he submitted land title deeds as collateral for a Bt370,000 loan, but found that the loan contract did not specify an interest rate. He claimed that Sutee’s armed henchmen used intimidation tactics in demanding repayments. Four more people lodged complaints against Sutee on Tuesday. That makes 5 people who had better keep a low profile. A little stupid for the cops to specify the exact loan amount, which is pretty sure to identify at least one of the 5. Or maybe stupid like foxes depending on their desired outcome... Link to comment Share on other sites More sharing options...
CMKiwi Posted August 2, 2017 Share Posted August 2, 2017 There are loan sharks in every country that there are customers. And once they have you in their teeth they are very reluctant to let you go. It amazes me that these people that go to the sharks dont realise this...20% per month would always send alarm bells off in my way of thinking. Thats equates to 240% over a year. How do people get that desperate? Lack of planning? Poor financial sense? Stupidity? Or a combination of all? Perhaps these people have complained as a way of getting out of their loan? Id be very worried if these sharks/gansters have underworld contacts .... they dont like squeelers/narks and have been known to 'shut them up' permanently. Nasty pieces of work and a very dangerous situation to get into Link to comment Share on other sites More sharing options...
The Dark Lord Posted August 2, 2017 Share Posted August 2, 2017 58 minutes ago, CMKiwi said: There are loan sharks in every country that there are customers. And once they have you in their teeth they are very reluctant to let you go. It amazes me that these people that go to the sharks dont realise this...20% per month would always send alarm bells off in my way of thinking. Thats equates to 240% over a year. How do people get that desperate? Lack of planning? Poor financial sense? Stupidity? Or a combination of all? Perhaps these people have complained as a way of getting out of their loan? Id be very worried if these sharks/gansters have underworld contacts .... they dont like squeelers/narks and have been known to 'shut them up' permanently. Nasty pieces of work and a very dangerous situation to get into You should see the adverts on the tv in the uk for easy loans which kick back APR in excess of 1000% ( yes one thousand) Link to comment Share on other sites More sharing options...
Srikcir Posted August 2, 2017 Share Posted August 2, 2017 22 hours ago, snoop1130 said: “We have taken action in response to a complaint from a Prachuap Khiri Khan resident,” If it weren't for that one complaint, police would have remained inactive? No independent investigations on their own looking into loan sharks? Link to comment Share on other sites More sharing options...
Reigntax Posted August 2, 2017 Share Posted August 2, 2017 They should diversify into lending out guns by the look of it. Link to comment Share on other sites More sharing options...
Reigntax Posted August 2, 2017 Share Posted August 2, 2017 On Tuesday, August 01, 2017 at 11:40 PM, Thaiwrath said: That is the normal when you deal with these money lending people. Agree, but just more up front than the way large banks treat their customers. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now