"loan shark"

Immigration Police arrested two suspects for operating a loan business without licence at a house in Nonthaburi province.

Immigration Police nabbed five Chinese nationals and one Singaporean for allegedly running a mobile application providing loans with interest rates higher than the legal limit. Another 46 – all Thais – were arrested for allegedly working as debt collectors for the application, police chief Pol Lt-General Sompong Chingduang said on Wednesday.

Police said five Chinese nationals have been arrested for running the “True Cash Pro” mobile app, which provided unlicensed personal loans at higher interest than the rate specified by the Bank of Thailand.

Police made arrests after raiding a building in Chom Thong district, Bangkok, on Thursday (May 7) where Chinese loan sharks ran an illegal financial firm.

The Supreme Court on Wednesday upheld two previous court rulings to hand a two-year jail sentence to Nakhon Phanom-based loan shark Supitcha Apichatphokhin, 58, for perjury.

A Thai man who attempted to kill himself after he stabbed his 25-year-old wife and two children to death, has claimed the family agreed to die to avoid the threat of loan sharks.

Officers have arrested six suspects in a loan-shark crackdown in Chalong, police said on Tuesday.

Prawit reiterates govt pledge to end inequality as land deeds of hundreds are returned.

An Indian man was arrested in Samut Prakan on Monday night on a charge of demanding loan interest from borrowers higher than allowed by law.

Three suspected loan sharks have been arrested in Samut Prakan’s Phra Samut Chedi district for threatening a debtor and vandalising her house, police deputy spokesman Pol Colonel Krissana Pattanacharoen announced on Tuesday.

Illegal networks in four provinces face huge tax bills and criminal prosecution.

The Appeals Court on Wednesday upheld a lower court’s ruling in October to hand two-year jail sentences each to alleged Nakhon Phanom-based loan shark Supitcha Apichatphokhin, 56, and her subordinate for perjury.