Arrested 3 subjects lending billions of dong at high interest rates
(Baonghean.vn) - During the investigation, the authorities determined that the amount of money the subjects organized to lend and mortgage assets was about 2.2 billion VND, illegally profiting about 300 million VND.
Hoang Mai town police said they had just arrested three subjects Nguyen Xuan Tai (born in 1991), Le Thi Thao (born in 1995), both residing in Mai Hung ward, and Quach Thi Phuong (born in 1982), residing in Quynh Thien ward, Hoang Mai town, for the act of "Lending high interest rates in civil transactions", seizing more than 200 million VND in cash and many related exhibits.
Previously, through professional work, the town police discovered that many people, especially small traders in the local markets, regularly borrowed money from the three subjects mentioned above. After collecting sufficient information and having grounds to determine the criminal acts of the subjects, the unit established a special project to focus on fighting and destroying them.
During the investigation and verification process, the Task Force determined that, taking advantage of the difficult economic situation and the need to borrow money of many people, especially low-income people and small traders in the local markets, from mid-2023 to present, the subjects have lent money to "customers" at high interest rates under the guise of installment loans, with interest rates ranging from 3,000 to 5,000 VND/million VND/day, the longer the loan period, the higher the interest rate.
Using synchronous professional measures, at about 4:30 p.m. on April 20, 2024, Hoang Mai Town Policesuccessfully broke the case, arrested Nguyen Xuan Tai, Le Thi Thao and Quach Thi Phuong. At the suspects' homes, the authorities seized more than 200 million VND, 1 laptop, 2 mobile phones, and many books, papers, and loan contracts.
Initially, the authorities worked with 18 victims and determined that the amount of money that Tai, Thao, and Phuong organized to lend and mortgage assets was about 2.2 billion VND, illegally profiting about 300 million VND. The actions of the subjects constituted the crime of "Lending at high interest rates in civil transactions" as prescribed in Clause 2, Article 201, Penal Code.
Currently, the case is under further investigation.
