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Loan sharks arrested for 304% annual interest

Interest Rates ECD Wassayos Ngamkham Pathum Thani

Police from the Economic Crime Suppression Division (ECD) seize many loan contracts from the house of two loan sharks in Pathum Thani's Khlong Luang district on Friday. (Photo supplied/Wassayos Ngamkham)

Two people have been arrested for running illegal money lending services with interest rates as high as 304% per year during a raid on a house in Pathum Thani’s Khlong Luang district.

Police from the Economic Crime Suppression Division (ECD) arrested Thanachai Ruangphueng, 43, and Ms Natthajaree Muangthong, 42, at the house in tambon Khlong Nueng on Friday, said Pol Maj Gen Phutthidet Boonkraphue, commander of the ECD.

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