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Bangkok and Chon Buri police arrest 9 suspects they believe were part of loan shark operation


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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 in the 9 suspected loan shark operatives after they raided 10 locations throughout Bangkok and Chon Buri. The suspects stand accused of being involved in illegal lending services that charged excessively high interest rates through the KAKA and the KIKO […]

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Last year a lot of our factory employees had problems with loan sharks. They would ask to cash out their provident funds to pay their loans back. 

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I feel sad for those folks that have already gone to the family, friends and banks and been rejected only to fall victim to a loan shark.  The Vigs are huge.  Friends in Phuket took a loan on Moms house in Nong Bua Lamphu in order to keep their Gym open in the early days of the shutdown, only to have the threat of taking moms house brought to bear.  Luckily they sold off half of the Muay Thai equipment, downsized and started selling clothes on-line to former trainees, and were able to pay the loan in full.  Life is fickle and even the pawn shops are full of gold, watches, and construction equipment.....

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