loan shark
- Crime News
Loan sharks attack victim faces charges after defending himself
A gang of loan sharks mistakenly attacked a 56 year old man at his home in Nonthaburi, leading him to defend himself. Ultimately, he is now at risk of facing legal action despite being the victim. Athiwat Sirikangwalwong, founder of the Dare to Step page, arrived to investigate the incident after receiving a complaint from Aran. The incident began when…
- Thailand News
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 News
Thai police arrest major Kamphaeng Phet loan shark
Thai cyber police arrested a major loan shark in Kamphaeng Phet after debtors reported him for charging exorbitant interest rates and threatening them. Borrowers were subjected to interest rates of 16,000 baht per day, leading to fear and harassment. The arrest of the loan shark, Pallop, took place yesterday, September 5, when Police Lieutenant General Worawat Watnakornbancha ordered a raid…
- Crime News
Brothers arrested in Trang for illegal loan sharking with 30% interest
Police arrested two brothers, nicknamed Jao Tossakan Loan Sharks, in Trang for charging exorbitant interest rates of 30% per month, with a loan turnover exceeding 2 million baht. The investigation revealed over 100 victims. Yesterday, September 5, police, led by Phumipat Phattarasriwongchai and Theera Chuersuwan, directed Kritthaphop Kaewrod and his team, in collaboration with local officers, to execute a search…
- Thailand News
Woman found dead in car after loan shark debt dispute
A man was found grieving over his wife’s body after a heated argument earlier in the day, following her secret borrowing of money from loan sharks. The incident led to a tragic end when she was found dead inside her car. Police received a report at 5pm yesterday, August 10, about a woman’s body discovered in a car parked near…
- Krabi News
Krabi loan shark arrested for violent tactics and high-interest rates
Police arrested a notorious loan shark in Krabi for charging exorbitant interest rates of 35% to 135% per year and assaulting debtors who failed to repay on time. Yesterday, August 7, officers from the Cyber Crime Investigation Bureau (CCIB) and the Ao Luek Police Station executed a court-issued warrant to apprehend the suspect, Parinyada, also known as Lek, at her…
- Crime News
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…
- Crime News
Cyber police arrest loan shark, seize over 3 million baht
Cyber Crime Investigation Bureau officers (CCIB) are intensifying efforts to crack down on illegal money-lending operations. Police recently arrested a 43 year old woman for running an online lending page. She confessed to charging exorbitant interest rates of 20% per month, with evidence found at her residence revealing over 3 million baht in circulation. Police Major General Phumipat Phattharasriwongchai, chief…
- Thailand News
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…
- Crime News
Police arrest debt collector with firearms and drugs in Bangkok
Police apprehended a debt collector and seized two firearms along with quantities of ketamine and methamphetamine. Following an undercover operation, police arrested Somchai, also known as Am, and charged him with multiple offences. Officers from Romklao Police Police Station, led by Kiattikul Sonthinen, yesterday collaborated with Somphot Thongmun and Kornwararat Promsawan to arrest the 39 year old Somchai. The arrest took…
- Thailand News
Mother faces 2.6 million baht debt from 10,000 baht loan
A mother who borrowed 10,000 baht to pay her child’s school fees 12 years ago is now struggling under a crippling debt of 2.6 million baht in interest. The mother, who initially took out the loan when her child was in primary school, is now seeking help from a popular Facebook page, Survive – Sai Mai Must Survive, to resolve…
- Thailand News
Thai lawyer uncovers police-linked bribery network
A recent revelation has shaken the Thai law enforcement scene as a lawyer uncovered a gang, allegedly linked to the police, involved in an extensive bribery racket. The racket reportedly amasses over 100 million baht each month through illicit kickbacks. Sittra Biabungkerd, serving as secretary to the People’s Lawyers Foundation, brought this issue to light in a press conference held…
- Thailand News
Family seeks refuge from loan shark at Nonthaburi bus stop
A family in Nonthaburi province found refuge at a bus stop after fleeing their home due to threats from a loan shark who demanded daily interest payments. The incident took place yesterday at 8pm, on February 25, when the family, lacking the funds to meet the exorbitant interest demands, feared for their safety. Nontranut Promjan, the chairman of the Nonthaburi…
- Thailand News
Cyber cops collar loan shark for high-interest loans with sex repayment
Cyber police arrested a Thai man in the southern province of Trang yesterday for offering high-interest loans and allegedly forcing debtors to repay debts with sex. “loan-shark love: Cyber Crime Investigation Bureau officers came across videos posted by the 38 year old loan shark, Thaweesak, on social media where he publicly shamed debtors unable to repay his loans. Further investigation…
- Thailand News
Loan shark allegedly attacks pregnant woman, causing victim to lose baby
A Thai woman accused a loan shark of attacking her at her home in the northern province of Phetchabun, causing her to lose her unborn baby. The accused loan shark denied responsibility and demanded proof of her pregnancy. The victim, 45 year old Chusri, asked Amarin TV and other news agencies to spread her story and help her seek justice.…
- Thailand News
Thai government makes headway in battle against informal debts
The Thai government has reported progress in its ongoing battle against informal debts, stating that it has resolved the issues of 233 registered debtors. Prime Minister Srettha Thavisin personally observed the progress of a debt resolution model in Nan last Saturday. Government spokesman Chai Wacharonke revealed that the Interior Ministry’s data indicates that 106,863 debtors have registered with the government…
- Thailand News
Chai Nat: Thai police chief orders arrest of loan shark at somtum restaurant
The National Police Chief ordered the arrest of two people linked to a debt collection gang, who vandalised a somtum restaurant in Chai Nat province. The owner of the establishment had registered to resolve her informal debts, leading to repercussions from the loan sharks. This event has led to wider investigations targeting loan sharks and other offenders involved in informal…
- Thailand News
Thai loan shark arrested for scamming over 1 million baht
A crackdown led by the Crime Suppression Division (CSD) resulted in the arrest of a 37 year old woman for operating more than 10 illegal loan shark gambling rings. The operation defrauded victims of over 1 million baht and involved intimidation to prevent reporting of the crime. The arrest of the loan shark was executed today, December 2, following an…
- Thailand News
Acid attack survivor scammed out of motorbike by brutal loan shark
In a recent incident, a 26 year old woman from the Ban Ngang district of Buriram province found herself victimised twice over. Initially, the woman, Wunpen, suffered facial disfigurement and blindness from an acid attack by her ex-husband in 2020. Recently, she has been defrauded by a loan shark who refused to return her mortgaged motorbike, allegedly selling it to…
- Crime News
Police nab 2 more members of notorious loan shark and abduction gang
Two more gangsters associated with notorious loan sharking and drugged abduction practices across three Thai provinces have been apprehended. The suspects, both denying the charges so far, were apprehended at a regional court and reputable hotel. One individual confessed at around 9am today. Police led by Lieutenant Colonel Montri Thedkhan ordered the apprehension of the individuals. With assistance from regional…
- Thailand News
Debtor pawns 3 French bulldogs in Thailand
A loan shark in Thailand claims that a debtor who couldn’t make their repayments pledged three French bulldogs as collateral one year ago, but never returned to collect the dogs or repay the loan. The loan shark posted in the “French bulldog club of Thailand” to seek advice… “These are my three adopted kids. These three dogs did not do anything…
- Crime News
Young woman attacked with razors over 250 baht in southern Thailand
A loan shark chased a debtor for 750 baht debt yesterday in Phattalung province, southern Thailand. When the debtor coughed up only 500 baht, she was attacked by around 20 people over the remaining 250 baht. The gang slashed her with razors all over her body causing serious injury. At 2am today, officers at Mueang Phatthalung Police Station were called to…
- Crime News
Pattaya debtor allegedly stabs loan shark in self-defence
A Pattaya debtor allegedly stabbed a loan shark in self-defence last night. The incident occurred near the Rueangwilai apartment complex in Chon Buri’s Bang Lamung district at 10pm. Police found the victim, 33 year old Sarawut Kamsaiprom lying in pain at the front of the apartment with serious stab wounds to his left ribcage. Pattaya authorities found a bloodstained kitchen…
- Pattaya News
Police bust Chinese loan shark gang at luxury house in Pattaya
Police busted a gang of Chinese loan sharks yesterday who set up an illegal call centre from a luxury rented house in Pattaya, eastern Thailand, to chase debt from informal loans handed out to customers in China. At 7pm, Chon Buri provincial police raided a two-storey luxury house in Moo 10, Nong Prue subdistrict, Bang Lamung district, after an investigation…
- Thailand News
Police swoop on 2 loan shark gangs in 4 provinces of Thailand
Officers from the Economic Crime Suppression Division (ECD) swooped on two loan shark gangs operating in four provinces in Thailand and arrested four crooks. Money worth over 1 billion baht was in circulation as the racketeers collected interest from debtors at an extortionate rate of 547.5% per year. The ECD targeted two illegal money-lending gangs: Burin-credit and Memoney-Credit and raided…
- Thailand News
Loan shark claims debtor shot herself in the head at his house in Thailand
A loan shark in northern Thailand informed the police on Tuesday that a debtor – who is also his ex-girlfriend – committed suicide in front of him by shooting herself in the head due to financial stress. Her relatives are not convinced by the claim and insist that she never had a gun. At 8.30pm, 58 year old Somkiat rang…
- Thailand News
2 Chinese and 17 Thais arrested for illegal money lending apps
On Thursday, Thai police reported the arrests of two Chinese citizens and 17 Thais for operating several illegal money lending applications charging interest rates of 2,080 percent per year. The Center for Countering Abuse by Loan Sharks of the Royal Thai Police investigated more than 40 illegal money lending applications after numerous victims filed complaints in the last 12 months.…
- Pattaya News
Loan shark sends goons to attack man in hospital and steal his car
Some people never heard the phrase “don’t kick ’em while they’re down” and it shows. A man who is receiving medical treatment in a Chon Buri hospital was brutally attacked in his hospital room by debt collectors. Four men entered his room, beat him, and then grabbed his car keys and took off. They found his car in the parking…
- Crime News
Loan shark bombs debtor’s house in southern Thailand
A loan shark allegedly threw a deadly military-grade hand grenade at a woman’s house in Phattalung province, southern Thailand, after she failed to meet repayments. At 2pm yesterday, police were called to a house in Mueang district after a gardener discovered an explosive device in the grass. Police evacuated neighbours and called Explosive Ordnance Disposal (EOD) officers to the scene.…
- Pattaya News
Pattaya loan shark threatens to cut off debtor’s finger
A department store employee from Pattaya in Chon Buri province is terrified because a loan shark threatened to cut off her finger for missing some debt repayments. The woman secretly voice recorded the creditor and took the evidence to the police. Yesterday, 35 year old Angumalee Suriya from Pattaya revealed that a loan shark offered to deduct 10,000 from her…
