Illegal high-interest loan scheme busted in Thung Yai, 3 arrested

Cyber police raided three homes in Thung Yai district, Nakhon Si Thammarat at present, arresting three suspects concerned in an illegal high-interest loan operation. According to the commander of the police, three suspects have been apprehended together with cellphones, bank account passbooks, report books, and documents detailing loan agreements with interest rates exceeding the legal restrict of 15% per year.
Police, led by Thapakorn Humamart, have been tasked with carrying out searches within the Thung Yai district after receiving arrest warrants. The suspects had been captured in three separate areas. The suspects are: 31 yr outdated Kittipong; 35 year outdated Kanyakornd; and 36 year old Pimpa. Authorities seized their cellphones, in addition to bank account books and information of their illegal mortgage operations.
Dollar had begun after police discovered the suspects’ on-line actions on Facebook, the place they posted ads to recruit members into their day by day money-lending scheme by way of a group known as Share Daily. The group had 31 taking part members. These Facebook users had been discovered to have violated lending laws, resulting in the suspects’ arrests, reported Khaosod.
During the investigation, police also discovered a quantity of posts on the suspects’ Facebook pages that threatened debtors with bodily hurt and harm to their reputations. The posts typically included photographs or videos of the debtors, resulting in public shaming of the individuals and attracting unfavorable comments from Facebook users. The suspects were basically acting as mortgage sharks, demanding repayment with exorbitant interest rates that caused appreciable hurt to debtors..

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