Crackdown On Loan Sharks

Over 1000 people suspected of being involved in the loan shark business are under investigation by Thai police as they crackdown on illegal money lending.

Evidence is being collated with a view to obtaining warrants for the arrests of suspects.

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Nine provincial police divisions are building cases against loan sharks, who impose excessively high interests rates.

Unregistered creditors can provide loans but can only charge a maximum of 1.25% per month in interest.

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