Connect with us

Crime

Bangkok immigration police nab Chinese loan sharks

Jack Burton

Published 

 on 

Bangkok immigration police nab Chinese loan sharks | The Thaiger
PHOTO: Nation Thailand
  • follow us in feedly

Bangkok immigration police have arrested 5 organisers and 73 employees at a building in Chom Thong district today, where alleged Chinese loan sharks were running an illegal finance firm. The company, “Thai Luck Trade” extended loans at interest rates far higher than the limit under Thai law.

The company was registered as a merchant dealing in glasses, watches and cameras but they secretly developed applications with names like “Cash Home” and “Take Money Quick,” which were downloaded over 100,000 times to extend loans of between 2,000 to 20,000 baht, and required customers to pay 42% of the loan amount as a “registration fee.”

An interest rate at 0.05% per cent per day was charged, and repayment had to be within 7 days or customers would be charged 5% of the loan amount per day. In effect, borrowers from Thai Luck paid an interest of 18% to 600% per cent per year. If they were unable to pay, the company sent their “men” to their homes.

The company’s accounts showed that it had 200 million baht in circulating funds and had more than 20,000 customers.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.



Read more headlines, reports & breaking news in Bangkok. Or catch up on your Thailand news.

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Coronavirus (Covid-19)

Quality quarantine options for those who want some luxury

Caitlin Ashworth

Published

on

Quality quarantine options for those who want some luxury | The Thaiger
PHOTO: Qui Hotel

Private state quarantine options are available for those returning to Thailand and willing to pay a hefty price. The 14 day quarantine is required for everyone re-entering the country to prevent any possible spread of the coronavirus, but there are more luxurious options from hotels that have passed the test from the public health and defence ministries.

Around 90 guests so far have opted for the their mandatory quarantine at Qiu Hotel Sukhumvit. The hotel says they have received hundreds of enquiries about the alternative state quarantine service. The hotel is selling its quarantine package for 32,000 baht per person (for 14 days) which includes 3 meals a day. They are parenting with the Sukhumvit Hospital to provide, if needed, free ambulance service, coronavirus testing and a video call consolation with a doctor.

Quality quarantine options for those who want some luxury | News by The Thaiger

PHOTO: A room at the Qui Hotel, a step up from the state quarantine facilities

But Qiu Hotel is cheap compared to other alternative quarantine services. Other hotels include Movenpick Wellness BDMS Resort Hotel, Grand Richmond Hotel, Royal Benja Hotel and the Idle Residence. Prices at these venues range from 45,000 – 60,000 baht for a two week quarantine stay, according to hotels’ Facebook pages.

Foreigners with work permits or permission from the labour ministry are allowed to enter the country, but they need health insurance, a health certificate and also need to be in quarantine for 2 weeks. They also need to be able to find flights to return to Thailand.

SOURCE: Nation Thailand

" Alternative State Quarantine "by Qiu Hotel and Sukumvit Hospitalท่านสามารถตรวจสอบรายชื่อโรงแรมทางเลือกสำหรับการกักตัวได้ทาง www.hsscovid.com หรือ https://www.naewna.com/local/490404

Posted by Qiu Hotel on Saturday, 2 May 2020

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Pollution

Bangkok governor warns of canal pollution

Jack Burton

Published

on

Bangkok governor warns of canal pollution | The Thaiger
PHOTO: Bangkok Jack

Bangkok’s governor warns that the volume of garbage in Bangkok’s canals is increasing and is beginning to block the sewer system, causing potentially health-threatening floods in many areas. Governor Asawin Kwanmuang said the removal of garbage from canals in Lat Phrao district and under Pradit Manutham Road alone required 5 trucks.

The area is just a kilometre away from a Rama 9 pumping station, which drains water from Lat Phrao Canal and Saen Saeb Canal to the Chao Phraya River.

“If the rubbish blocks the pipes and the tunnels, the city will be unable to drain water during floods in the rainy season.”

The same problem is found in other districts, such as Chatuchak (northern suburbs of Bangkok). The governor has asked Bangkok residents to take this issue seriously, as the consequences are dire.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Tourism

Travelling Bangkok’s klongs with Manit

The Thaiger

Published

on

Travelling Bangkok’s klongs with Manit | The Thaiger

Should you move to Thailand? In this video I interviewed my friend @Christopher Lau , originally from California, USA and got a little insight of his experience behind living in Thailand for two years.

Then I took him for the famous canal boat ride in “Klong Saen Saep” Bangkok. By the end of the vlog we had a very delightful Thai food session (not so delightful for Chris 😂). Watch the video to find out more.

Manit is a YouTube vlogger and uses his camera and drone to allow us to see Bangkok from a different set of eyes.

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Trending