illegal loans

  • Crime NewsTwo arrested for illegal loans after vendor’s tragic suicide

    Two arrested for illegal loans after vendor’s tragic suicide

    Police Region 4 apprehended two men for providing illegal loans with exorbitant interest rates, following the suicide of a fish vendor overwhelmed by debt. The suspects confessed to charging interest rates of 60% monthly. Yesterday, January 20, Police Lieutenant General Chatchai Surachetphong, commanded Police Major General Poomiphat Patrasriwongchai, Police Colonel Kraithong Chaising, and their investigation teams to arrest 24 year…

  • Crime NewsCyber police arrest woman for illegal money lending in Thailand

    Cyber police arrest woman for illegal money lending in Thailand

    Cyber police conducted swooped to arrest a 33 year old woman involved in an illegal online money lending operation, charging exorbitant daily interest rates of 2,000 baht. She confessed, and substantial evidence was found at the scene. The operation unfolded yesterday, December 10, when police from the Cyber Crime Investigation Bureau led by Trairong Phiwpan and Wiwat Kamchamnan, instructed Phumiphat…

  • Thailand NewsRaid on loan shark reveals unlicensed meatball factory in Saraburi

    Raid on loan shark reveals unlicensed meatball factory in Saraburi

    Police conducted a raid on an illegal loan shark operation, uncovering an unlicensed meatball factory in Saraburi. The suspect, Pim, denied all allegations and requested to defend herself in court. Police Colonel Kraison Sriampon and Police Lieutenant Colonel Krisanapong Temiyasuwan, alongside Saraburi’s investigative team and officers from Wang Muang Police Station, acted on a tip about a loan shark operation…

  • Crime NewsCyber police dismantle illegal moneylending networks in Songkhla

    Cyber police dismantle illegal moneylending networks in Songkhla

    Cyber police forces have successfully dismantled two major networks of illegal moneylenders charging exorbitant interest rates of 30 to 60% per month, seizing extensive customer lists. This operation took place yesterday, following confessions obtained on September 14. Police General Worawat Wattanakornbunchachai, the Cyber Crime Investigation Bureau Commissioner, directed Police Major General Phumipat Patrasrivongchai, the Commander of Cyber Crime Investigation Division…

  • Crime NewsCops crack down on illegal loan sharks in six provinces in Thailand

    Cops crack down on illegal loan sharks in six provinces in Thailand

    Police swooped on an illegal loan shark network across six provinces, arresting key members and uncovering over 50 million baht in circulation. The operation targeted the notorious Boy Lang Khao gang, infamous for their exorbitant interest rates and violent debt collection methods. The Police Economic Crime Suppression Division, led by Police Major General Phutthidej Boonkrapue, yesterday launched an extensive operation…

  • Thailand NewsCyber police arrest woman for illegal loans in Trang

    Cyber police arrest woman for illegal loans in Trang

    Cyber Crime Investigation Bureau (CCIB) officers apprehended a woman for operating an illegal lending business with a loan interest rate of 20% per month, handling around 3 million baht in transactions. Police executed a search warrant in Trang province and arrested 43 year old Khwanchira, seizing evidence including 28,000 baht in cash and two ATM cards. The investigation began when officers…

  • Thailand NewsCyber police arrest online loan shark charging 3% daily interest

    Cyber police arrest online loan shark charging 3% daily interest

    Cyber police raided and arrested an online loan shark charging exorbitant interest rates of 3% per day, threatening, shaming, and destroying the property of those who failed to pay. They seized numerous items of evidence. The operation took place yesterday under the command of Cyber Police Chief, Worawat Watnakornbancha who instructed relevant authorities to execute a search warrant issued by…

  • Thailand NewsThai police bust illegal lender for extreme rates and data breach

    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 NewsProminent Thai loan shark arrested for illegal pawnbroking business

    Prominent Thai loan shark arrested for illegal pawnbroking business

    A 66 year old Sunthorn from the province of Nakhon Si Thammarat, known as a prominent loan shark, was arrested for running an illegal pawnbroking business, lending money with an annual interest rate of 36%. The authorities seized 31 vehicles, warning debtors that they could become criminal suspects. Yesterday, at Na Bon Police Station in the Nakhon Si Thammarat province,…

  • Thailand NewsIndian national arrested in Thai province for illegal high-interest loan operation

    Indian national arrested in Thai province for illegal high-interest loan operation

    As part of a crackdown on illegal loan activities, police authorities from the Debt-related Crime Prevention Centre and the Eighth Provincial Police Region (DCPC & PPR8) apprehended Yadav Durgesh, an Indian national aged 29, for operating an unlicensed money lending business. The arrest took place on December 27 at a rental property in Ban Na San, Surat Thani, where Yadav…

  • Thailand NewsThai CIB crackdown reveals 500 million baht online loan scam

    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…

  • Crime NewsIllegal high-interest loan scheme busted in Thung Yai, 3 arrested

    Illegal high-interest loan scheme busted in Thung Yai, 3 arrested

    Cyber police raided three homes in Thung Yai district, Nakhon Si Thammarat today, arresting three suspects involved in an illegal high-interest loan operation. According to the commander of the police, three suspects were apprehended along with mobile phones, bank account passbooks, record books, and documents detailing loan agreements with interest rates exceeding the legal limit of 15% per year. Police,…