Police raid sites linked to alleged loan shark


Police raid sites linked to alleged loan shark

By Apichart Hongsakul 
The Nation




Officials raided four locations in Prachuap Khiri Khan province on Tuesday in a crackdown on an alleged loan shark who is said to have a total cash flow of more than Bt200 million.

Police raid sites linked to alleged loan shark


Found at the locations linked to the alleged loan shark, Sutee Tananantasiri, were 38 guns, land-title deeds, licence plates, and various valuables.


Pol General Wirachai Songmetta, the top adviser to the National Police Office, personally led police and soldiers in a joint operation against allegedly illegal money-lending services. 


“We have taken action in response to a complaint from a Prachuap Khiri Khan resident,” Wirachai said.


According to police, the complainant said he submitted land title deeds as collateral for a Bt370,000 loan, but found that the loan contract did not specify an interest rate. He claimed that Sutee’s armed henchmen used intimidation tactics in demanding repayments. 


Four more people lodged complaints against Sutee on Tuesday. 


Sutee faces charges of illegal money lending, imposing an illegally high interest rate, intimidation and related offences. If convicted, he faces a jail term and/or a fine. 


Source: http://www.nationmultimedia.com/detail/breakingnews/30322473

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