Arrested gang lending at 550% interest/month, throwing dirty substances to collect debt
Cuong raised dozens of juniors, divided areas for his juniors to lend at high interest rates in Ho Chi Minh City and Binh Duong, and even hired professional accountants.
On the evening of December 28, the Criminal Police Department, Ho Chi Minh City Police Department, discovered a case and arrested 10 subjects to investigate the acts of "Extortion of property" and "Loan sharking in civil transactions". This gang was led by Chu Manh Cuong (28 years old, from Hanoi).

According to initial investigation, Cuong raised about ten juniors, arranged accommodation and paid salaries of 80-100 million VND/year. Cuong divided the operating areas for his juniors to lend money at high interest rates in Binh Duong province and Ho Chi Minh City.
This group lends money at high interest rates, with interest rates of 500 - 550%/year and has illegally profited billions of dong.


Cuong also divided tasks for each of his juniors in the gang, with tasks such as: finding customers, collecting debts, sending threatening messages...
In particular, Cuong's group hired accountants to calculate business operations and profits.
When customers did not pay interest, Cuong ordered his underlings to use paint and dirty substances to throw into the house to pressure them to pay. Police determined that Cuong's group had thrown paint and dirty substances into many customers' houses in Tan Uyen City, Di An (Binh Duong Province) and Ho Chi Minh City.
Searching the residence of Cuong and his accomplices, the police seized many documents and books related to loan sharking activities.