Arrested 2 subjects lending black credit at "exorbitant" interest rates
Two subjects, Nhu Duy Trung (22 years old) and Nguyen Dinh Tuan (23 years old), were arrested and detained by the police for further investigation into the act of usury.
Trung and Tuan both have registered residence in Hanoi and are temporarily residing in B'Lao ward, Bao Loc city, Lam Dong province.
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| Police seized many documents related to loan sharking. |
Initial investigation results show that from July 2018 to present, Trung and Tuan have rented a house in B'Lao ward, Bao Loc city to operate illegal credit. Specifically, these subjects have carried out about 1,400 loan sharking transactions, mainly with small traders, unemployed workers, and ethnic minorities in Bao Loc and neighboring districts.
The lowest loan amount is 2 million and the highest is 100 million VND/loan, with loan interest rates from 109 - 365%/year.
Searching the residences of Nhu Duy Trung and Nguyen Dinh Tuan, the police seized about 5,000 leaflets, laptops, many types of debt books, debt collection papers and documents such as ID cards, household registration books, driver's licenses, etc.
Currently, Bao Loc City Police continue to investigate, expand and consolidate the case file to handle this loan sharking ring./.
