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Deputy PM praises ISOC for helping to return land title deeds used as collateral for loans

Jun 27. 2019
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By The Nation

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Thai authorities are to tackle the issue of off-system debts following the Internal Security Operations Command (ISOC)’s successful negotiation of fairer loan contracts covering debts worth Bt7.1 billion on behalf of 42,097 creditors this month so far, Defence Ministry spokesman Kongcheep Tantravanich said on Thursday.

Kongcheep said Deputy Prime Minister and Defence Minister General Prawit Wongsuwan led officials to visit Lop Buri to give moral support to the ISOC, Army police and administrative officials involved in tackling this issue.

File photo: Kongcheep Tantravanich Defence Ministry spokesman

Prawit also presided over a ceremony on Thursday at Thepsatri Rajabhat University to return 1,704 land title deeds - covering 2,054 rai of land worth more than Bt2.3 billion - to the rightful owners.

Expressing appreciation to all parties for implementing this policy, which had to date resulted in 12 events to return land title deeds, Prawit noted that this latest had led to a total of 25,052 debtors receiving 21,312 land title deeds covering 59,000 rai worth Bt30.6 billion.

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