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Indian loan shark suspect arrested in Samut Prakan

Jun 12. 2018
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By The Nation

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An Indian man was arrested in Samut Prakan on Monday night on a charge of demanding loan interest from borrowers higher than allowed by law.

Tiwari Shivprashad, 21, was arrested by officers from the Samut Prakan office of the Internal Security Operations Command, outside the K5 Building of Bang Pu Nakhon Flat in Tambon Bang Pu Mai in Muang district at 9.30pm.

He was collecting interest from debtors when he was arrested.

The arrest was made after Samut Prakan's deputy ISOC chief Col Prathuang Kaewthui received a complaint from Maneerat Saengdaeg, 42, that an Indian gang was collected interest from her higher than allowed by law.

She said she borrowed Bt5,000 from the gang and had to pay Bt100 as interest each day, or 2 per cent per day, and so far the amount of the interest was higher than Bt5,000.

The ISOC officials said Shivprashad worked for an Indian tycoon whom the officials would locate and arrest.

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