A combined force of officials from the Department of Special Investigation (DSI) and soldiers raided 10 targets in Uthai Thani province Monday in a concerted effort to trace and impound all the assets of loan shark king Wichai Pan-ngarm or well-known as Sia Chai.

Seven houses owned by Sia Chai in Muang and Nong Ka Yang districts were searched and 102 land title deeds with a total areas of 700 rais worth over 400 million baht were seized for examination.

The raids in his hometown in Uthai Thani came after recent raids in Pathum Thani where they netted 29 land plots worth over 40 million baht.

Sia Chai had a massive network of money lending business network that covered almost the whole country with cash flow of over four billion baht.

It has 86 offices nationwide to extend loans at higher rates and had more than 170,000 debtors.

Source: Thai Public Broadcasting Service (Thai PBS)

By tladmin