loan sharks
- Phuket News
Phuket loan sharks busted for 50% interest rate scam
Two men running an illegal loan shark operation in Phuket have been arrested after allegedly extorting desperate borrowers with sky-high interest rates. Their arrests come as part of a nationwide crackdown on unlawful debt practices and predatory lending. Phuket Immigration officers, working alongside the Immigration Bureau’s Crime Suppression Division 8 and Immigration Bureau 6, swooped in last Thursday, February 27,…
- 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
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
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
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…
- 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…
- 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
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
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…
- 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…
- 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…
- 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…
