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'Loan shark queen' in Thailand charges 720% annual interest, arrested after doing so for 3 years

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‘Loan shark queen’ who charges 720% interest arrested A loan shark in Thailand was recently arrested by police for charging an obscene 720% annual interest rate on her loans. According to Khaosod, police arrested the 42-year-old woman on 21 Dec at her residence in Krabi province. Source: Khaosod Thai authorities have been on the prowl for unlicensed lenders who use social media to rope people into loans with high interest rates. The cyber crimes…
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