loan shark
- 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
Mae Hong Son police arrest illegal moneylender in sting operation
Police apprehended a 34 year old online gambler and illegal moneylender while he was collecting interest on loans. Police officers led by Phasawint Kaewtai, the Police Chief of Mae Hong Son, along with Isarapong Apichai, the Deputy Chief of Investigations, and Thawatchai Surinta, the Commander of the Border Patrol Police Company 336, conducted a sting operation at 7.10pm yesterday, July 1.…
- 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
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
Loan shark in Hat Yai nabbed for imposing 120% interest rates
Police in Hat Yai arrested a 62-year-old loan shark for allegedly offering covert loans with exorbitant interest rates of 120% per year, using land title deeds as collateral, and threatening borrowers. The operation was conducted on March 7 under the direction of Major General Warawut Watnakornbancha, Chief of the Special Branch Office 5, along with Lieutenant Colonel Phumiphat Phatarasriwongchai, Chief of…
- 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
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…
- Crime News
Debtor crashes and kills loan shark while trying to collect debt
A debtor crashed his pickup into a loan shark and killed the victim while trying to collect a debt from his wife at a house in the Nonthaburi province near Bangkok. Officers from the Rattanathibet Police Station were called to investigate a car accident at a house in Soi Pracha Niwet 3 in Nonthaburi province at 9pm on December 15.…
- 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…
- 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…
- Crime News
Chinese loan shark network busted in Bangkok in major operation
Cyber police launched operation ‘Shutdown Fake Loan‘ to dismantle an online Chinese loan shark network, conducting raids at three locations, including a luxury condominium in Bangkok‘s heart. The key figure behind this scheme, a Chinese woman, had been arrested a day earlier at Suvarnabhumi Airport. The cyber police initiated the operation ‘Shutdown Fake Loan’ to disrupt the operations of an…
- 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…
- 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…
- Crime News
Body of loan shark found in Thailand river, 7 baht of gold jewellery missing
The body of a Thai woman missing for three days was recovered from a river in Chumphon province in southern Thailand yesterday. The gold jewellery she usually wears, worth 220,000 baht, was missing. The deceased – 32 year old Chadathip – ran a loan business and never returned from an appointment she made to chase money from a debtor on…
- 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…
- 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 shoots debtor 8 times in the head in southern Thailand
A loan shark chose revenge over repayments on Sunday when he shot a debtor eight times in the head outside a tea shop in Songkhla province in southern Thailand. At 8pm, officers at Khuan Meed Police Station received a call that someone had been shot dead in the Chana district. Police found the body of 42 year old Chusit [surname…
- 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…
- Bangkok News
40 million baht illegal online lending operation busted
An illegal lending business that raked in over 40 million baht in just 3 months by gouging people in desperate financial need with high-interest rates has been broken up. A Chinese man was arrested in Bangkok for running the loan shark operation online. The man identified by the Metropolitan Police Bureau as Jia Liew was arrested in Huai Khwang in…
- Pattaya News
Bangkok and Chon Buri police arrest 9 suspects they believe were part of loan shark operation
Bangkok and Chon Buri police arrested 9 people through combined raids on what police believe were locations used for illegal loan shark apps. The arrests happened earlier this morning. Thai media reports that 6 of the suspects are Thai nationals and the remaining 3 suspects are Chinese nationals. Economic Crime Suppression Division police and the Provincial Police Region 2 took…
- Thailand News
Police raid alleged money sharks’ operation centre, many escape jaws of justice
An alleged online lending network has been busted in Nonthaburi, a province north of Bangkok. Police say the lending operation was led by Chinese nationals. The police arrested multiple people after raiding 3 buildings at the Pailin Park housing estate, yesterday. According to the police, the financial assistance network provided loans at exorbitantly high interest rates through the app “Chang…
- Bangkok News
52 people in Bangkok arrested for alleged involvement in illegal loan operation
Thai immigration police arrested 52 people who were allegedly involved in an illegal loan shark operation using a smartphone application called “Speedwallet” to provide loans with interest rates higher than the legal limit. Police had received complaints from several of the application’s customers. Speedwallet provided loans of 5,000 baht to 20,000 baht and collected interest rates of 12% to 15%…
- Crime News
Pathum Thani police hunt “100 million baht auntie”
Police in Pathum Thani, just north of Bangkok, are tracking down a mysterious loan shark known as “Mrs. Millionaire” to face charges that she hired a man to beat a vendor who owed her money, leaving him with permanent brain damage. The woman, whose age is estimated at around aged 65-70, dresses plainly and carries a large rubbish sack around,…
- Crime News
Police arrest 5 allegedly involved in loan shark app
Police have arrested 5 people who allegedly ran a loan shark business in Pattaya. The smart phone app “True Cash Pro” illegally gave out loans whilst imposing excessive interest rates. Authorities say the business had around 10,000 borrowers and over 100 million baht in circulation. Police started investigating the online scam after receiving complaints about the company demanding people pay…
