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Police Arrest Chinese Loan Shark With Online Lending Business

November 24, 2021
Source: chiangraitimes.com chiangraitimes.com
News Snapshot:
Thai police have arrested a Chinese man for allegedly running an illegal online lending business. By charging exorbitant interest rates, he generated more than 40 million baht in three months. On Tuesday, the Metropolitan Police Bureau (MPB) announced the arrest of Jia Liew. Pol Lt Gen Samran Nuanma, the MPB commissioner, said he was captured at the condominium in Huai Khwang earlier. According to the commissioner, Jia told police he managed several online lending businesses, including Cash and Go. Moreover, he hired people to open bank accounts so as to send loans to customers and handle related transactions. The interest...
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