loan shark
- Bangkok News
Police arrest loan shark gang at Ministry of Culture
A dramatic arrest unfolded at the Ministry of Culture when police apprehended members of a loan shark gang accused of charging extortionate interest rates and intimidating debtors. The operation, led by Montri Teshakun, targeted 30 year old Veeraphat, and 23 year old Meentada, who were charged with operating an unauthorised personal loan business and lending money at rates exceeding legal…
- Crime News
Thai loan shark mastermind arrested in Kamphaeng Phet sting
Thai police apprehended a woman known as Add, who is reputed to be the mastermind behind a notorious loan shark operation in Kamphaeng Phet. The investigation revealed that she was involved in a pawn scheme involving vehicles, charging exorbitant interest rates. Borrowers received significantly less money than initially promised and faced threats when they struggled to meet the high-interest payments.…
- Crime News
Chinese loan shark gang member arrested at Bangkok airport
A Chinese woman linked to an illegal loan shark gang was apprehended by Thai Tourist Police at Suvarnabhumi International Airport while attempting to pick up a relative. The arrest occurred amidst a crackdown on crimes affecting the tourism industry. The event unfolded as police, acting under the orders of Sak’sira Phuak-am and Phongsiam Mimongkol, conducted an operation to counteract criminal…
- 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…
- 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…
- Crime News
Cyber police arrest loan shark in Nakhon Si Thammarat
Cyber police raided and arrested a loan shark in Nakhon Si Thammarat who charged exorbitant interest rates of 10% per month and accepted vehicles and firearms as collateral. The suspect confessed. Today, September 1, Worawat Watnakornbancha, the head of the Cyber Crime Investigation Bureau, directed Phumipat Phattharasriwongchai, the commander of Division 5, along with deputy commander Bancha Srisuk and chief…
- 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…
- 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
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…
- 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
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
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…
- 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
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…
- 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
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…
- 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
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…
