A Chinese national and a Thai woman were arrested for providing illegal loan services to more than 70,000 customers, according to the Immigration Bureau.
Pol Lt Gen Sompong Chingduang, immigration police commissioner, said the arrest of Lian Bin Bin and Natchuta Kulachet followed an investigation into complaints filed in May and June by borrowers that they were charged high fees and interest.
The debtors named six lending apps including Maewkwak, Tao Mongkol, Tungngoen, Tiktak, Ubaht and Cashdaddy and claimed they were charged 30%-42% in loan processing fees.
If they failed to make payments within seven days, they were charged interest and fined 12% on…
