loan shark
- 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…
- Crime News
Loan shark avenges debtor with fermented fish in northern Thailand
A loan creditor broke into a woman’s home in Phetchabun province, northern Thailand, and spread fermented fish all over her house and belongings. Police say the “loan gang” could be prosecuted for breaking and entering if they are found gill-ty of the crime. A 45 year old single mother filed a complaint at Bueng Sam Phan Police Station yesterday after…
- 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…
- 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
Loan sharks allegedly threatened 8 year old boy
Police are trying to track down 2 men who allegedly trespassed inside someone’s home in Chiang Mai and threatened an 8 year old boy, claiming his mother owes them money. The boy was home alone when the alleged loan sharks parked their black truck and entered the house looking for the mother. When they saw she wasn’t home, they allegedly…
- 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…
