Vendor seeks help after paying over a million baht interest on small loan
A FOOD vendor filed a complaint at the Centre for Suppression of Informal Debt that a loan shark has been charging her exorbitant interest on 20,000 baht she borrowed six years ago and after paying over a million baht the principal has not been reduced, Amarin TV said this evening (Aug. 1). Ms. Somsakul […]
Read MoreCivil servant sets self on fire over loan shark debts
A STRESSED-OUT community developer in Mae Hong Son set herself on fire in front of Mae Sariang district office this afternoon (Apr. 19) after loan sharks evicted her from her house and land to clear debts, Naewna newspaper said. The civil servant, Ms. Kanya (surname withheld), 58, had asked a reporter to meet her […]
Read MoreGovt MP denies being loan shark in disguise
By Thai Newsroom Reporters KLATHAM MP Pi Lick today (Jan.22) categorically dismissed allegations that he had been clandestinely involved in loan shark business with the help of one of his former girlfriends. Known as a protégé of former Palang Pracharath secretary-general/former agriculture & cooperatives minister Thammanat Prompao, the MP of Kampaengpet denied he had […]
Read MoreDeadline set for reporting loan shark debts
By Thai Newsroom Reporters PEOPLE WHO MAY OWE debt to loan sharks but have not yet reported it to the authorities were today (Feb.11) encouraged to do so until the end of this month. The Ministry of Interior’s undersecretary Sutthipong Chulcharoen recommended those who may still have their illicit debt unsettled and unreported promptly […]
Read More110,000-plus debtors point finger at over 81,000 loan sharks
By Thai Newsroom Reporters A TOTAL OF 110,000-PLUS people have so far claimed to owe a combined seven billion baht in illicit debt to 81,000-plus loan sharks in all provinces of the country, a senior government official said today (Dec.26). Sutthipong Chulcharoen, undersecretary of the Ministry of Interior, confirmed that 110,531 people have informed […]
Read MoreNearly 100,000 people indebted to loan sharks
By Thai Newsroom Reporters NEARLY 100,000 PEOPLE have been officially listed so far to owe debt to loan sharks nationwide, according to the Ministry of Interior’s undersecretary Sutthipong Chulcharoen. Since the beginning of this month, a total of 98,667 people have so far informed the authorities either in person or online as being currently […]
Read More22,000 people claim carrying loan shark debts in single day
By Thai Newsroom Reporters AS MANY AS 22,000 PEOPLE nationwide have individually claimed in a single day to be owing illicit debt to loan sharks, Sutthipong Juljaroen, undersecretary of interior, confirmed today (Dec.2). A total of about 22,090 people from all regions of the country yesterday notified the authorities of the illicit, informal debt […]
Read MoreOnline loan shark scammers nabbed in Bangkok, nine provinces
By Thai Newsroom Reporters A GROUP OF SUSPECTED loan shark racketeers has been rounded up in Bangkok and nine provinces, police said today (Nov.15). Central Investigation Bureau Commissioner Pol.Lt.Gen. Jirabhop Bhuridej announced a total of 13 suspected online scammers providing illegal loans with skyrocketing interest rates have been separately arrested by the police in […]
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