PUBLISHED: 23 Mar 2025 at 17: 29
Eight were detained in five main provinces and were subject to numerous raids against feared loan sharks.
Authorities conducted the assaults in Bangkok, Chiang Mai, Chon Buri, Khon Kaen, and Pathum Thani on Friday and Saturday, according to Pol Maj Gen Thatphum Charuprat, the captain of the Economic Crime Suppression Division, on Sunday.
According to him, in Chon Buri state, two men and a woman between the ages of 29 and 48 were detained for charging debtors 2 % regular interest rates or 730 % annual interest rates. Pong, 32, and Pimpan, 48, were the two gentlemen identified. Anchalee, 29, was the woman’s name.
The group, according to complainants, had weapons and distributed lending leaflets in neighborhoods and open spaces at night while demanding payment from debtors every day. 12 million ringgit a time were involved in their monetary transactions.
Police in Khon Kaen detained a 31-year-old man named Nathanan who had created the” Mc Money Credit” Facebook page to draw potential customers. He admitted to luring business owners, and he set a daily interest rate of 1.546 %, or 564 %, to the police.
Suratin, 63, Rasarin, 59, and Pataraporn, 24, were detained by police in Pathum Thani. They claimed that they had charged 10 % or 120 % interest each month.
Additionally, they demanded that borrowers sign established loan agreements with exaggerated lending amounts so they could file legal claims in court demanding exorbitant amounts of interest and impounding assets. For instance, a creditor who had a real product of 50 000 baht had to agree to an official loan agreement indicating a loan amount of 250 000 baht.
Kalaya, a 46-year-old girl, was detained in the Doi Saket area of Chiang Mai after being charged 186 % annual interest and making loans promise to give up their cars or motorcycles as security. Officers discovered numerous of these cars at her home.