Cyber police launched operation ‘Shutdown Fake Loan‘ to dismantle an internet Chinese loan shark network, conducting raids at three locations, including a luxury condominium in Bangkok‘s coronary heart. The key figure behind this scheme, a Chinese woman, had been arrested a day earlier at Suvarnabhumi Airport.
The cyber police initiated the operation ‘Shutdown Fake Loan’ to disrupt the operations of a web-based mortgage shark network linked with Chinese fund agents. Track record were searched, including an opulent condominium in central Bangkok, where the main suspect, a Chinese lady, was residing. She was arrested a day before at Suvarnabhumi Airport whereas getting ready to flee the nation. The girl performed a vital position as the primary agent for several transactions throughout the community, KhaoSod reported.
This operation followed the arrest of more than 52 suspects in late April by the Special Operations Police. Over 400 victims had been targeted by the network, which lured them to borrow cash via websites and text message hyperlinks. The scheme enticed victims with high credit limits, low-interest rates, fast approvals, and minimal requirements. Victims had been then instructed to add a line contact and set up a mortgage utility. Although victims were promised they might obtain the requested loans, further circumstances had been later imposed. These included deposit payments, insurance insurance policies, superior funds for instalments, or different fees linked to credit- or password-related withdrawal fees.
Once victims had transferred money, however, they didn’t receive any mortgage funds as promised. Believing they had fallen sufferer to scams, they filed complaints through the net reporting system, resulting in police investigations to track down the perpetrators. The police reported that today at 2pm, numerous police officers are scheduled to announce the results of the operation at the Special Operations Police headquarters in Government Complex Chaeng Watthana..