Thai police crack down on Chinese-Singaporean loan shark gang
February 04, 2021 The Nation/Asia News Network Immigration Police nabbed five Chinese nationals and one Singaporean for allegedly running a mobile application providing loans with interest rates higher than the legal limit. Another 46 – all Thais – were arrested for allegedly working as debt collectors for the application, police chief Pol Lt-General Sompong Chingduang said on Wednesday (Feb 3). The arrests came after a crackdown on the illegal loan business at a house in Bangkok’s Wangthonglang district. “The suspects had allegedly opened a mobile application called ‘Speedwallet’...
Source: asiaone.com