Twelve Chinese nationals have been arrested for loansharking in Thailand, overcharging their compatriots 30 percent interest a month.

Thai police found the suspects in two rental houses in a residential area near Pattaya resort town in Chonburi province on Thursday. The first house was used for advertising and releasing loans while the second was for pressing their clients for repayments, police said. 

All of the suspects entered Thailand as tourists to work for the online loansharking for Bt20,000 to 30,000 a month, police said.

Pol Col Chitdecha Songhong of a police transnational crime suppression unit said the suspects were hired by the gang using Thailand as their base that allowed them to earn money and travel in Thailand at the same time.

All of them will face legal actions and blacklisted from entering the Kingdom. Similar loan shark cases involving Chinese people have been exposed in Thailand.

Source: TNA