BANGKOK, Feb 26 (TNA) – A Chinese man and his Thai
nominee have been arrested for illegally money lending via the application
“Bahtloan.”
Tan Huan Yu and his Thai accomplice Jamjuree Tanpan were
found to have used a condominium in Bangkok as their office to operate the
lending service since last year.
Police said over 1,000 borrowers had fallen victim to the loan
shark with over THB30 million circulating in their bank accounts.
Their victims were lured to quick and easy loan but
subsequently bound with high interests, police said.
To acquire the loan, the victims must give their personal
information. Many of the debtors had
been coerced and blackmailed after they failed to pay back their debts and
interests.(TNA)
