The raid was conducted in an upscale housing project in a nation that attracts a large number of tourists from across the world every year.

The single-storey structure was surrounded by a fence and surveillance cameras, reported Bangkok Post.

Authorities found 25 Chinese men and a woman inside the house.

According to reports, they entered Thailand on a tourist or student visa and did not have a proper work permit.

These people operated an online lending business and targeted Chinese people staying outside Thailand.

They admitted to police that they had been lending money at a monthly interest rate of 60%, reported Bangkok Post.

Several Items Seized

Two laptops, 52 mobile phones, 77 sheets of Chinese-language accounting documents and 80,300 baht in cash were seized from them.

They have been charged with operating a credit business without a licence, being foreign nationals engaging in an occupation without permission and working without work permits, the newspaper reported.

Two of the Chinese nationals were additionally charged for overstaying on their visas.

(With inputs from IBNS)