Cyber ??police raid and arrest high-interest loan sharks Threaten the debtor

Trang,, "Cyber ??police", the Cyber ??Guard team, raided and searched a house according to a court warrant, and arrested a 36-year-old man from Yan Ta Khao District, Trang Province, after posting about granting loans via social media, with a high interest rate of 20 per cent. month, and also threatened to physically harm the debtor At 6:30 a.m. today, Pol. Maj. Gen. Phumiphat Phattharasriwongchai, Commander of the 5th Police Station, led his forces to search a house in the area of ??Village No. 3, Nai Kuan Subdistrict, Yan Ta Khao District, Trang Province, according to a search warrant from the Trang Provincial Court. Together they arrested Mr. Sitthikorn Bualoy, 36 years old, the owner of the house, who reported two charges: 1. lending money to other people for interest exceeding the legal rate and 2. operating a personal loan business. By arranging funds and then lend money to others without permission Before being detained, Mr. Sittikorn was transported to Ban Nai Kuan Police Station, Trang Province, for further legal proceedings. This operation is a result of the Police Division 4, S.O.T. Division 5 (Trang C.P.), Cyber ??Guard Unit (Operation Unit 1, Trang Province), finding the Facebook page of a user. Illegally granting loans with interest rates exceeding the legal limit. After investigating, the identity and place of residence of the owner of the Facebook page has been determined. Therefore, he asked the court to approve the issuance of an arrest warrant. which is the residence of Mr. Sittikorn. Initially, it was found that interest was being charged in excess of 20 percent per month. For example, if you borrowed 10,000 baht, you would have to pay interest of 2,000 baht per month and have a revolving fund of several million baht. The accused confessed to all the charges. Pol. Maj. Gen. Phumiphat revealed that this suspect threatened the debtor. Who is in debt and refuses to pay When there is a demand There was talk of going in and doing various bodily harm. So they came to search and arrest. Initially, evidence of a loan was found. The accused confessed. Source: Thai News Agency