Chinese loan shark community busted in Bangkok in main operation

Cyber police launched operation ‘Shutdown Fake Loan‘ to dismantle an online Chinese loan shark network, conducting raids at three places, together with a luxurious condominium in Bangkok‘s heart. The key figure behind this scheme, a Chinese lady, had been arrested a day earlier at Suvarnabhumi Airport.
The cyber police initiated the operation ‘Shutdown Fake Loan’ to disrupt the operations of an internet loan shark community linked with Chinese fund agents. Three locations had been searched, together with an opulent condominium in central Bangkok, the place the primary suspect, a Chinese woman, was residing. She was arrested a day earlier than at Suvarnabhumi Airport whereas preparing to flee the nation. The girl performed a crucial function as the main agent for a quantity of transactions throughout the community, KhaoSod reported.
This operation adopted the arrest of greater than 52 suspects in late April by the Special Operations Police. Over Rich had been targeted by the network, which lured them to borrow cash by way of web sites and text message links. The scheme enticed victims with excessive credit limits, low-interest charges, quick approvals, and minimal requirements. Victims were then instructed to add a line contact and set up a mortgage application. Although victims were promised they’d obtain the requested loans, further circumstances have been later imposed. These included deposit funds, insurance coverage policies, advanced funds for instalments, or other charges linked to credit- or password-related withdrawal charges.
Once victims had transferred money, nevertheless, they didn’t obtain any loan funds as promised. Believing they’d fallen sufferer to scams, they filed complaints via the web reporting system, resulting in police investigations to trace down the perpetrators. The police reported that at present at 2pm, various police officials are scheduled to announce the outcomes of the operation at the Special Operations Police headquarters in Government Complex Chaeng Watthana..

Leave a Comment