Police bust Chinese loan shark gang at luxury house in Pattaya

Police busted a gang of Chinese loan sharks yesterday who arrange an illegal call centre from a luxurious rented home in Pattaya, jap Thailand, to chase debt from informal loans handed out to clients in China.
At Unexplored , Chon Buri provincial police raided a two-storey luxury home in Moo 10, Nong Prue subdistrict, Bang Lamung district, after an investigation revealed that Chinese nationals were operating a name centre from the property.
Inside the home, officers discovered four men and one girl together with 36 12 months previous Fu Yin-ter, 41 year old Hu Xiaowei, 29 yr outdated Lin Yongpin, 29 12 months previous Ji Liu-ne and 35 12 months outdated Tang Wei.
Police seized eight laptops, 12 cellphones, greater than 50 sim cards and an inventory of greater than 100 debtors.
Chon Buri Provincial Police Chief Pol. Maj. Gen. Kampol Leelapraporn said the gang rented the luxurious home for a hundred and eighty,000 baht per 30 days, utilizing Thailand as a base to function an illegal mortgage business with clients in China.
Pol. Maj. Gen. Kampol mentioned that 36 yr previous Fu Yin-ter was the gang chief and managed everything from delegating tasks to his subordinates, discovering a place to lease in Pattaya and hiring a Chinese lady to cook dinner and care for the home.
Loan sharks make their earnings by handing out casual loans and charging extraordinarily high-interest charges on the repayments. Police suspect that the gang made tens of tens of millions of baht from their unlawful transnational operation.
Police inspected all of their passports to search out all 5 were residing in Thailand illegally by overstaying longer than permitted. The gang claimed that they didn’t know what they had been doing was illegal in Thailand.
All five suspects had been detained for interrogation at Pattaya’s Nong Prue Police Station and will be prosecuted based on the regulation. Police mentioned they will increase their investigation to search out any extra suspects involved within the felony network of loan sharks.
Two weeks ago, the physique of a feminine loan shark was found in a river in Chumphon Province three days after she never returned from a meeting with a debtor. The gold jewellery she usually wore, price 220.000 baht, was missing.
In February, a mortgage shark in Phitsanulok claimed that a debtor shot herself within the head at his home due to “financial stress.”

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