Police swoop on three loan sharks
CRIME:three aiieged illegal pawn brokers were arrested and 310 motorcycles seized at a boxing comp in Ratchachewi district yesterday morning.
The arrests were sparked by suspicions about the large number of motorcycies parked at the Sit Rom Sai boxing camp on Phetchaburi 5 Road,in Phaya sup-district.Arrested were two men,Chao Kerd-aree and Prawet Phutson,and a woman,Sunee Thumtha.
The trio aiiegedly admitted to keeping the motorcycles as collateral for loans issued to the owners.They were quoted as saying they lent 800-12000 baht per bike and charged 30% interest a month.The suspects were charged with being illegal pawn brokers.