Bangkok, Dec 28: A 29-year-old Indian national has been arrested in southern Thailand for operating an unlicensed money lending business.
Yadav Durgesh was arrested on Wednesday as part of a crackdown on illegal loan activities by police authorities, The Thaiger news website reported.
He was at a rental property at Ban Na San in Surat Thani city, where he was found to be charging an interest rate exceeding the legal limit on his loans.
According to the news report, Yadav’s illicit operation was first flagged following an investigation into unusual activities at his residence.
He had rented his premises to accommodate foreign nationals who were suspected of extending loans to locals and residents, which led the police to monitor his activities.
Yadav was found to be making daily rounds on a motorcycle, collecting interest from clients by the investigating officials.
On the day of…
