Indian National Arrested in Nong Bua Lamphu for Illegal Loan Sharking
A 22-year-old Indian student visa holder was arrested for operating an unlicensed loan sharking business with excessive interest rates.
On October 11, 2026, authorities in Nong Bua Lamphu province arrested a 22-year-old Indian national, identified as Mr. Chhotu, on charges of operating an unauthorized personal loan business and charging illegal interest rates. According to Khaosod Online, the suspect entered Thailand on a student visa but was allegedly engaged in lending money to local vendors at a 20% interest rate, requiring daily repayments.
Police from the Crime Suppression Division (CSD) conducted the arrest following complaints from local residents regarding predatory lending practices in the area. During the operation, officers seized 1,200 baht in cash and a ledger containing records of informal loan transactions. The suspect is currently facing legal proceedings for violating Thai financial regulations.
For residents and expatriates, this case highlights the strict enforcement of Thai laws regarding financial services and visa compliance. Foreign nationals are reminded that engaging in unauthorized business activities while on a student visa is a violation of immigration and commercial laws. While the arrest has been confirmed by the CSD, the full extent of the suspect's operations and any potential involvement of other individuals remain subject to further investigation by local authorities.
