Mr Watcharin Daduang, 39, was arrested on Thursday (July 31) in front of a tailor shop and charged him with assault and lending money with interest higher than the law allows. He was also found with a gun and ammunition on his person.
A woman who Mr Watcharin had loaned money to was assaulted on Thursday afternoon (July 31).
The woman quickly contacted police after the incident, saying Mr Watcharin had been lending her money and taking 20 per cent interest, for the past few months. When she could not pay, Mr Watcharin physically assaulted her.
This is the second incident of loan sharking this week after Tourist Police and Kathu Police arrested four loan sharking enforcers on Patong Beach this past Friday (August 1).