Bigger India
Indian Arrested In Thailand For Visa Breach, Giving Loans Illegally
Rakesh Yadav,21, would charge interest at the rate of 20% per day, much higher than the legal limit in Thailand.
A 21-year-old Indian man has been arrested in Thailand on Thursday for overstaying his visa and for allegedly providing loans with interest rates higher than the legal limit, according to a media report.
Rakesh Yadav, was arrested by immigration police and officials from inside a petrol station in Phichit’s Muang district while he was allegedly trying to collect interest from vendors at the station, The Nation daily reported.