The Bank of Thailand has looked into the matter and found that the claim is false and intended to mislead the public. We will take legal action," said Paiboon Kittisrikangwan, deputy governor overseeing corporate support services and banknote management.
He said the central bank is also working with relevant government agencies to investigate if the action violated any other laws or is considered fraud.
Wiang Fah Kranuan community enterprise in Khon Kaen province came under the spotlight after it reportedly disseminated information that it had set a 360-billion-baht low-interest rate loan to be offered to its 100,000 members with a credit line of 1 million baht each. It claimed a foreign fund worth 100 billion baht, which was given the nod by the Bank of Thailand, is a source of the loan.
"Recently there have adverts for crowdfunding projects aimed at luring people, such as asking them to register to receive a low-interest rate loan or invest in a business with an exaggerated high return," said Mr Paiboon.
He added that these projects usually build trust by claiming links to government agencies or celebrities.
"The Bank of Thailand advises the public to be careful and to thoroughly consider before making a decision to get involved," said Mr Paiboon.
The prolonged ultra-low-interest environment has triggered yield-searching by investors around the world.