By Thai Newsroom Reporters
ANY LOAN SHARKS who may not have yet shown up to the authorities under the government’s campaign against illegal money-lending were strongly advised to do so until the end of this month, according to Deputy Interior Minister Chada Thaiset.
In a press conference today (May 16), Chada insisted that those loan sharks show up to the provincial-level or district-level authorities before this month ends or else, he said, stringent legal action will be sooner or later taken against them.
Given the Pheu Thai-led government’s anti-loan sharks campaign, those who may have been illegally indebted nationwide are yet to ultimately rid themselves of debt owed to loan sharks and give up their Borrow-Tom-To-Pay-Paul practice, the deputy interior minister said.
All loan sharks are primarily obliged to show up no matter whether any of their debtors may show up in the first place or not, Chada said.
Among government measures against uncooperative loan sharks, the Revenue Department will monitor and examine all their incomes, he said.
He said the government’s campaign is not only designed to provide justice to the debtors but the loan sharks to the extent that the principal amount of their debt be settled on instalment basis and their high interest rates be fairly lowered.
Over 137,000 people, mostly being illegal debtors, involving a combined 9.36 million baht in borrowed money have earlier declared themselves to the authorities nationwide.
Under the government’s campaign, started since Dec. 1, the authorities act as mediators for both the debtor and loan shark with intent to completely settle the sustained debt on a compromised, cut-rates basis.
CAPTIONS:
Top: A representative image of a loan shark handing over money. Credit: Thai Rath
Front Page: A graphic image showing a loan shark by Gerd Altmann from Pixabay
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