PATTAYA, Thailand— A 38-year-old male running an unlawful financing network in Pattaya and Banglamung District, was detained by the authorities on December 15. The male, recognized as “Tum” was captured red-handed while gathering outrageous rates of interest from small company owners and traders in the Sa Bua Market location of Nong Ket Yai Subdistrict, in east Pattaya.
The authorities took a Toyota Vigo pickup, a cellphone, 2 client lists, and 3 sheets of client schedules from the suspect. They likewise recognized more than 30 clients, who were paying around 15,000 baht daily in principal and interest to the shylock.
The arrest was the outcome of a joint operation by police and administrative authorities, who had actually been keeping track of the suspect’s activities for a long time. They observed that “Tum” would drive his pickup to different night markets in Pattaya and Banglamung to gather high-interest loans from his victims, who were under extreme monetary pressure.
The suspect was charged with carrying out unapproved financing company and charging rates of interest going beyond legal limitations. He was collared by the Banglamung Cops, who will perform additional examinations into the case. The authorities swore to continue their efforts to punish unlawful shylock and secure the general public from their exploitation.
