Police raid sites linked to alleged loan sharkFound 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. Sutee faces charges of illegal money lending, imposing an illegally high interest rate, intimidation and related offences.

Source: The Nation Bangkok August 01, 2017 11:03 UTC