Search Results for: unlawful money lending
- Thailand News
Nonthaburi police nab Indian man for illegal money lending and visa overstay
Nonthaburi Immigration Police apprehended an Indian man yesterday, accused of illegal money lending and found to have overstayed his visa by more than six years. The 39 year old man was apprehended outside a rented accommodation in Moo 3 village, located in Tambon Bang Rak Noi of Mueang district. The detention was a result of an investigation into foreign nationals…
- World News
Singapore grapples with massive US$740 million money laundering scandal
Singapore is grappling with one of its largest-ever money laundering cases, involving over S$1 billion (US$740 million) of assets. Individuals, recently arrested and charged, allegedly held millions from unauthorised lending in China and illicit gambling in numerous banks such as United Overseas Bank, Citigroup and RHB Bank’s local units. Attempted fraud using counterfeit documents was also reported on banks including…
- Thailand News
Thai police bust illegal lender for extreme rates and data breach
Thai authorities apprehended 37 year old man at his residence for running an illegal money-lending enterprise that charged exorbitant interest rates of 8% per week. The operation, led by senior police officials, uncovered not only evidence of the illicit business but also a trove of personal data harvested from individuals, signalling a breach of Thailand’s Personal Data Protection Act. Yesterday,…
- Thailand News
Thai CIB crackdown reveals 500 million baht online loan scam
The Central Investigation Bureau (CIB) has launched the CIB Anti Online Scam, a crackdown operation against a ruthless online loan scheme that has been running through various mobile applications. The operation, which took place at 11am today, led to the arrest of two key suspects and the discovery of more than 500 million baht in circulation. CIB’s operation took place…
