Three individuals arrested for lending billions of dong at exorbitant interest rates.
(Baonghean.vn) - During the investigation, authorities determined that the amount of money the suspects lent and pawned was approximately 2.2 billion VND, with illegal profits of about 300 million VND.
The police in Hoang Mai town announced the arrest of three individuals: 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 crime of "usurious lending in civil transactions." They seized over 200 million VND in cash and other related evidence.
Previously, through investigative work, the town's police discovered that many people, especially small traders in local markets, regularly borrowed money from the three aforementioned individuals. After gathering sufficient information and establishing grounds to determine the suspects' criminal activities, the unit launched a special investigation to focus on combating and dismantling the criminal ring.
During the investigation and verification process, the special task force determined that, taking advantage of the difficult economic situation and the need for loans among many people, especially those with low incomes and small traders in markets in the area, from mid-2023 to the present, the suspects have been lending money at exorbitant interest rates under the guise of installment loans, with interest rates ranging from 3,000 to 5,000 VND per million VND per day, and the longer the loan term, the higher the interest rate.
Using a coordinated approach involving various investigative techniques, at approximately 4:30 PM on April 20, 2024, the Hoang Mai Town Police arrested...Successfully solved the case.Authorities arrested Nguyen Xuan Tai, Le Thi Thao, and Quach Thi Phuong. At their homes, authorities seized over 200 million VND, one laptop, two mobile phones, and numerous ledgers, documents, and loan agreements.
Initially, authorities worked with 18 victims and determined that the amount of money Tài, Thảo, and Phương organized for lending and pawning assets was approximately 2.2 billion VND, with illicit profits of about 300 million VND. The actions of the suspects constituted the crime of "Usurious lending in civil transactions" as stipulated in Clause 2, Article 201 of the Penal Code.
Currently, the investigation into this case is ongoing and being expanded.
