Police from the Economic Crime Suppression Division (ECD) seize many loan contracts from the house of two loan sharks in Pathum Thani’s Khlong Luang district on Friday, photo via Bangkok Post.
Thai authorities busted two brutal loan sharks in Thailand’s central Pathum Thani province yesterday.
The Economic Crime Suppression Division (ECSD) arrested the loan sharks, a 42 year old woman named Natthajaree Muangthong and a 43 year old man named Thanachai Ruangphueng. The individuals were accused of “conducting unauthorised personal lending and charging interest rates exceeding those permitted by law.” They were arrested during a raid on a house in Khlong Luang district, in Khlong Nueng sub-district.
According to Bangkok Post, the suspects had been running illegal money lending services with interest rates as high as 304% per year. An ECSD commander said that Those who failed to…
