National police adviser Wirachai Songmetta in Prachuap Khiri Khan province on the informal debt problem on Tuesday. (Photo by Chaiwat Satyaem)Authorities are asking the court to revoke the allegedly unfair consignment sale of loan agreements for 18 debtors who were made landless and homeless by a loan shark in Hua Hin district, Prachuap Khiri Khan. In the case of the 18 victims, police suspect the consignment sale agreements were "unfair and fraudulent" and the officers are asking the court to consider revoking the agreements, said Pol Gen Wirachai. Pran Buri resident Nantha Hoonkao is among the 18 villagers struggling to pay debts to Mr Suthi. Mr Suthi allegedly offered to return the house for 900,000 baht, but Ms Nantha could not raise that sum.

Source: Bangkok Post August 23, 2017 23:03 UTC