Gang used rented cars as collateral for loans

Gang used rented cars as collateral for loans

Muhamad Amin Salacha, alias Bang Mad, is taken by police to Kho Hong police station in Muang district of Songkhla after being arrested in Bangkok on Wednesday. (Photo: Assawin Pakkawan)
Muhamad Amin Salacha, alias Bang Mad, is taken by police to Kho Hong police station in Muang district of Songkhla after being arrested in Bangkok on Wednesday. (Photo: Assawin Pakkawan)

SONGKHLA: The alleged leader of a gang of fraudsters who used rented cars as collateral to borrow money has been arrested.

Muhamad Amin Salacha, alias Bang Mad, 42, of Yala's Muang district, was detained at a department store in Bangkok's Nong Chok area and taken to Kho Hong police station in Muang district of Songkhla for legal proceedings.

His arrest followed complaints filed with police against Bang Mad by car rental firms at Hat Yai airport in Songkhla and in the other southern provinces of Phatthalung, Nakhon Si Thammarat, Krabi, Phuket, Pattani, Yala and Narathiwat.  A court warrant was issued for his arrest.

They alleged that Bang Mad came to their outlets personally or sent accomplices to rent cars, pickups and MPVs. They signed rental contracts using proper identification documents. The rate was 1,000 baht per day with payment to be made once a week.

The renters said the vehicles would be used for secret operations by the Internal Security Operations Command. They cited the names of cabinet members and other important people in the government, and showed pictures taken with them to convince the rental firms.

The complainants said Bang Mad and his gang had rented about 100 vehicles from them. All vehicles were found to have been used as collateral to secure loans. They had not received any rental fees and the vehicles had not been returned.

Police were tracking down Bang Mad's alleged accomplices and investigating whether any of the loan companies had colluded with the gang.

Do you like the content of this article?
COMMENT (1)

WHA targets 5-year revenue of B100bn

SET-listed WHA Corporation, the country's largest developer of built-to-suit logistics facilities, is targeting revenue of 100 billion baht from 2023 to 2027, alongside 68.5 billion baht in investments.

09:07

Generali joins with Talend

A Thai unit of the global insurance and asset management provider Generali is forging a partnership with Talend, a worldwide data management firm, to develop a more data-driven organisation to mitigate risks and stay compliant with regulations.

08:02

New head named for Chana Hospital, replacing Supat

A new director to succeed government critic Dr Supat Hasuwannakit at Songkhla's Chana Hospital has been selected, a senior public health official said on Wednesday.

07:01