loan sharks
- 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 agency Thai couple surrender over nude photo scandal
A married couple running a private loan agency surrendered to Sri Maha Phot Police in Prachin Buri early this morning. The duo faced allegations of posting nude photos of debt defaulters online. The 31 year old woman and her husband were interrogated by Sri Maha Phot Station Chief Police Colonel Mongkol Thopao for an hour. Following the questioning, the woman…
- 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
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
Loan sharks circle in: 65 year old business owner seeks refuge in Chon Buri
A 65 year old business owner in Chon Buri approached the Saaih Mai Tong Rod coordination centre at 10.40am today, seeking assistance after being ruthlessly pursued by loan sharks. The business owner, Chai, borrowed just 30,000 baht but has ended up paying over 3 million baht in interest. His lenders, a total of 29, have forced him to become 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…
- 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…
- Crime News
Masked rider gang’s loan sharks left FIN-ancially busted as ECD rides in for arrests
Economic Crime Suppression Division (ECD) officers arrested five loan sharks from the Masked Rider Gang for attacking debtors and demanding extortionate interest rates of 400% per year. The arrests were made following a complaint by a debtor in June of this year when he was attacked by loan sharks at his condominium. He explained that he borrowed the money from…
- 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
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
Thai woman accused of faking her death to escape loan sharks
A debt-ridden Thai woman has faked her death to get out of paying her debtors, says a local loan shark. A 37 year old woman from the central province of Lopburi, called Lookpad, ran up millions of debt and then hoped to escape paying her arrears by pretending to be dead. The woman’s family allegedly backed her plan, says the…
- 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…
- 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…
- Technology News
Government investigating loan-shark apps following complaints of online threats
The Thai government is looking into a number of loan-shark apps, following complaints of data theft and threats being made on social media. Customers accuse the apps of stealing their data and sending them threatening messages via Line, Facebook, and SMS. According to a Nation Thailand report, when a customer downloads one of the loan-shark apps, it embeds malware in…
- 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…
