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Thursday, July 7, 2022

Online usury network busted

Police arrest members of an online illegal lending network charging exorbitant interest rates. They were among 29 people arrested. (Photo supplied)

Twenty-nine members of an online illegal lending network with about 450 million baht in circulation were arrested during police raids in five provinces.

Eight of them were wanted on arrest warrants issued by the Criminal Court on June 13 on charges of colluding in illegally running money lending services and charging interest rates higher than legal limits, Pol Lt Gen Jirabhop Phuridej, commissioner of the Central Investigation Bureau, said on Thursday.

Economic Crime Suppression Division (ECD) police arrested the eight suspects, all men, during raids in Chanthaburi, Pathum Thani,…

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