loan sharks
- Thailand News
Pattaya police smash cross-border Chinese loan shark syndicate
In a dramatic crackdown, Pattaya police arrested 17 Chinese nationals accused of running a massive cross-border loan shark operation from luxury villas in South Pattaya’s Pratumnak Hill area. The raid, executed on Wednesday, November 27, uncovered a sophisticated illegal network allegedly serving thousands of clients in China. Acting on a warrant issued by the Pattaya Provincial Court, officers stormed two…
- Pattaya News
‘Demon Loan Sharks’ busted: Ruthless gang exposed in Chon Buri
In a dramatic police swoop, two members of the infamous Demon Loan Shark Gang were arrested after expanding their illegal loan operation into Chon Buri. The duo, identified as 35 year old Yutthaphum and 25 year old Kiatthaphum, were nabbed in a quiet housing estate where their shady business was thriving. Acting on intelligence, police raided the single-story house, uncovering a…
- Thailand News
Nonthaburi loan sharks flee after victim disarms them with machete
Several loan sharks in Nonthaburi, armed with a machete, targeted the wrong person and fled in panic after a 56 year old man managed to disarm them, later claiming they had been assaulted. Relatives of the man in question, Aran, reported that a gang of loan sharks invaded his home at 6pm yesterday, August 27, wielding a machete to collect…
- Thailand News
Police find 10 million baht dealings from Chon Buri loan shark gang
Police in Chon Buri raided a loan shark gang’s hideout, uncovering almost 10 million baht in financial transactions over the past three years. Residents and merchants had reported the gang’s menacing behaviour, including threats with firearms. Law enforcement, led by Tianchai Lertmanitavit, and Thawi Kudtalaeng, conducted a raid yesterday in a house on Soi Phorapranimit 14/5, Nong Prue, Banglamung district.…
- Thailand News
Loan sharks arrested for assaulting teacher in Ratchaburi
Authorities have apprehended two notorious loan sharks for assaulting and publicly humiliating an assistant teacher in Ratchaburi province. The couple filmed the assault and nearly shaved the victim’s head before their clippers malfunctioned. The incident began when a Thai woman named Fa gathered a group to attack the assistant teacher due to missed debt payments. The interest rate imposed was…
- Thailand News
Loan shark takedown: Cyber cops sink teeth into predatory lending racket with jaw-dropping rates
Cyber Crime Investigation Bureau (CCIB) police successfully dismantled a predatory lending scheme run by an unscrupulous loan shark who charged exorbitant interest rates of 50% and coerced borrowers into extreme measures to repay their debts. The operation, which took place today, was led by the head of the CCIB, along with his team, who executed a search warrant in Trang…
- Thailand News
2 Indian men arrested near Bangkok for offering high-interest loans
Immigration Bureau (IB) officers announced a successful operation to arrest two Indian men illegally offering high-interest loans to Thai people in Nonthaburi province near Bangkok. The IB launched the operation to crack down on foreigners running illegal businesses or posing as powerful and influential people in the communities. The operation led officers to a 39 year old Indian man, identified…
- Thailand News
Thai government launches aggressive campaign against illegal lending
The Thai government has prioritised an aggressive campaign against illegal lending and loan sharks, in an attempt to curb what Prime Minister Srettha Thavisin refers to as modern-day slavery. The move emphasises the urgency to dismantle such activities to restore social stability and security. The 61 year old Thai PM stated the issue of illegal loans has escalated to a…
- Thailand News
Shark tale: Thai PM warns loan sharks not to test government waters as they target debt-relief participant
The Prime Minister of Thailand, Srettha Thavisin, warned loan sharks not to challenge government power after two loan sharks threatened a debtor who participated in a government debt relief programme. A Thai woman named Som sought protection from the police and the government after the loan sharks came to her restaurant in the Sankaburi district in the central province of…
- Thailand News
2 loan sharks nabbed for killing fruit seller over 400 baht late payment
Police arrested two loan sharks in the southern province of Prachuap Kiri Khan after they killed a fruit seller because he was two days late in paying 400 baht in interest. The victim, Thai man Ittiphon Pinthong, was shot and stabbed while he was selling fruit in front of a convenience store on Sukhumvit Road in the Sattahip district of…
- Crime News
Loan sharks heartlessly kill Thai fruit vendor over 400 baht debt near Pattaya
In a shocking event, a 45 year old fruit vendor tragically lost his life after a gang of loan sharks terrorised and shot him right outside a convenience store. The victim’s girlfriend, 41 year old Saengduen revealed the heartbreaking moments leading up to the event, which happened on the evening of November 14. The storefront of Itthiphol (surname withheld), is…
- Thailand News
Debt debacle: Thai man attacked, forced to settle loan shark score for ex-employee (video)
A Thai man sought justice for himself after he was attacked and forced to pay an 8,000 baht debt to the loan sharks on behalf of his former employee. A video of the victim, 50 year old Kan, subjected to a brutal assault by a group of 20 loan sharks was shared on Thai social media. The video shows a…
- Pattaya News
Pattaya loan sharks turn themselves in to cops after threatening reporter (video)
There’s been another incident involving loan sharks in Thailand. In Pattaya, two members of a loan shark gang turned themselves in to the cops after they threatened a freelance reporter earlier this week. The incident began when local Thai reporter, Buronsak Bunnodyom, asked the two men not to litter loan flyers in front of his residence on Soi 9, Central…
- Crime News
Authorities bust 2 brutal loan sharks in central Thailand
Thai authorities busted two brutal loan sharks in Thailand’s central Pathum Thani province yesterday. The Economic Crime Suppression Division (ECSD) arrested the loan sharks, a 42 year old woman named Natthajaree Muangthong and a 43 year old man named Thanachai Ruangphueng. The individuals were accused of “conducting unauthorised personal lending and charging interest rates exceeding those permitted by law.” They…
- Crime News
New details unfolding over alleged assault by Pattaya loan sharks
UPDATE New details are unfolding around a Pattaya woman who on Monday, November 28 alleged that loan sharks had abducted and assaulted her. The woman, 21 year old Tasneeporn Youngram, said that four loan sharks forced her into a car on Soi Paniad Chang in Bang Lamung. She said they then brought her to a deserted road, where they beat…
- Crime News
Pattaya loan sharks allegedly abduct and assault young woman
Loan sharks in Pattaya allegedly abducted and physically assaulted a young woman. The woman, 21 year old Tasneeporn Youngram, reported the incident to Pattaya Police yesterday. Tasneeporn said that four loan sharks forced her to get in a car after she failed to repay 35,000 baht that she borrowed from them. She said this happened on Soi Paniad Chang in Bang…
- Crime News
Shark warning – illegal Chinese money lenders nailed in Pattaya
Sixteen Chinese nationals suspected of running an illegal online money-lending business were arrested during a police raid in Pattaya on Wednesday. Following a tipoff, police and immigration officers in Pattaya’s Bang Lamung district, raided a three-storey townhouse at around 3pm on Wednesday. The officers were given information that a gang of foreign nationals were using the house as their operational base,…
- Pattaya News
Loan sharks steal Pattaya mother’s electrical items
Cruel loan sharks have stolen a single mother’s electrical appliances after she failed to keep up with repayments on a high-interest loan. The woman from Chon Buri now can’t cook for her children, store food in a fridge or watch television because they were stolen by the heartless thugs. Orawan Chunaka reported the burglary to the police and confessed she…
- Pattaya News
Couple hangs themselves to escape Covid-19 debt
A couple who were said to be deeply in debt due to Covid-19 in Mueang Chon Buri were found hanging in their home, apparently by suicide. Neighbours say the man and woman were both food cart vendors who struggled to find enough customers to make ends meet and had turned to a loan shark for help paying their bills. Yesterday…
- Crime News
Social distancing violation busts Pattaya illegal loan scheme
Covid-19 safety violations brought down a Chinese man and 39 Thai employees running an illegal loan operation in Pattaya. The group was arrested for offering money lending services after violating the Chon Buri Disease Control orders and emergency decree restrictions of social distancing and large gatherings. Chon Buri police raided the office building in Nongprue on Pattaya Second Road and…
- Crime News
Police in Chon Buri announce crackdown on loan sharks
Police in the eastern Chon Buri province held a large rally to announce a crackdown on loan sharks, in which they’ve already seized luxury cars, motorbikes, illegal weapons and ammunition. On Thursday, 709 police, led by the Chon Buri provincial police commander, attended a rally at the Bali Hai Pier in Pattaya to report on the ongoing crackdown. Earlier in…
- Crime News
Pathumthani police vow to wipe out loan sharks
Police in Pathumthani, north of Bangkok, pledged to eliminate the loan shark network in the area after a borrower was assaulted in the Rangsit municipality and ended up spending 2 months in ICU. 63 year old Weerapat, a merchant, told police he suspects the attackers were men working for a “Mrs Millionaire.” The victim had borrowed 80,000 from her in…
- Thailand News
Thailand News Today – Friday May 8
8 new Covid-19 case, total now 3,000, no new deaths 8 new confirmed cases of Covid-19 have been announced at this morning’s daily press briefing in Bangkok, maintaining the recent trend of single-digit daily increases. The new cases take Thailand’s total to 3,000 since the beginning of the outbreak. No new deaths were reported, leaving the tally at 55. All…
