Young Man Arrested for Offering Loan with Over 3,400% Annual Interest Rate
Bangkok: Central Investigation Bureau police have arrested a 27-year-old man suspected of running a loan operation through a mobile application, charging an astronomical interest rate of 9.4% per day, amounting to 3,474.80% per annum. According to Thai News Agency, the Central Investigation Bureau police, in collaboration with Suthisan Police Station investigators and various agencies, apprehended Mr. Pakorn, who is alleged