“38-Year-Old Illegal Loan Shark Arrested in Pattaya: Victim’s Name Revealed”

is a crucial element in web development and design, with numerous applications and benefits. In recent news from Pattaya, Thailand, a 38-year-old man operating an illegal lending network has been apprehended by authorities.

The suspect, known as “Tum,” was caught red-handed while collecting exorbitant interest rates from small business owners and traders in the Sa Bua Market area of Nong Ket Yai Subdistrict, located in east Pattaya. This arrest marks a significant victory in the ongoing battle against illegal loan sharks in the region.

Law enforcement agencies, in collaboration with administrative authorities, conducted a joint operation to monitor the suspect’s activities. Their vigilance paid off, as they observed Tum driving his Toyota Vigo pickup truck to various evening markets in Pattaya and Banglamung. It was during these trips that he would collect high-interest loans from vulnerable individuals facing financial difficulties.

Upon apprehending the suspect, authorities seized crucial evidence, including a mobile phone, two customer lists, and three sheets of customer schedules. These documents provided valuable insights into Tum’s illicit lending operations. Furthermore, more than 30 customers were identified, each paying approximately 15,000 baht per day in principal and interest to the loan shark.

The suspect now faces charges related to conducting unauthorized lending business and imposing interest rates that exceed legal limits. Following his arrest, Tum was taken into custody by the Banglamung Police, who will continue their investigations into the case. Their commitment to cracking down on illegal loan sharks aims to protect the public from exploitation and ensure financial security.

This recent incident serves as a reminder of the importance of regulating lending practices and safeguarding individuals from unscrupulous actors. The authorities’ efforts to dismantle illegal loan networks are commendable, as they work tirelessly to create a safe and fair economic environment.

In conclusion, the apprehension of Tum, the 38-year-old illegal loan shark operating in Pattaya and Banglamung District, is a significant step towards eliminating exploitative lending practices in the region. Law enforcement agencies and administrative authorities are committed to protecting the public from financial exploitation by unscrupulous individuals. By dismantling illegal lending networks, they promote a fair and secure economic environment for businesses and individuals alike..