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38 loan sharks rounded up in Korat

Police have made a series of arrests of loan sharks based in Nakhon Ratchasima, netting members of several rackets, some of which demand extremely high interest rates, up to 60 per cent daily, from their clients. ...full story at The Nation

from The Nation on Fri, Nov 20 2009

see also:

14 May 08 visit Sharks of Koh Tao  »  YouTube videoBull sharks, Leopard sharks and Whale sharks filmed around Koh Tao, a small island in the gulf of Thailand.
09 Nov 09 visit Loan sharks threaten families, say debtors  »  The Nation A number of debtors who owe money to illegal lenders yesterday filed complaints with a police division claiming they were intimidated when they could not repay daily high interest rates.
05 Nov 09 visit Govt plan will help poor to break free of loan sharks  »  The Nation Under an ambitious government plan to provide debt relief for low-income earners in debt to loan sharks or illegal loan schemes, each of the estimated 1,700,000 debtors across the country is to be offered soft loans up to Bt200,000.
19 Nov 09 visit Police target violent money lenders  »  The Nation Four held amid doubts over govt plan to buy out debts from loan sharks
06 Sep 07 visit Woman in Korat case still silent  »  The Nation Police investigating a Nakhon Ratchasima businessman's death in the explosion of a car yesterday searched....
01 Dec 09 visit Surprise as few register  »  The Nation Most victims of loan sharks appear to be reluctant to register for the government's refinancing scheme.

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