Woman arrested for lending money at 200% interest rate/year, illegally profiting 800 million VND
From the information that people called the hotline of the Director of Tra Vinh Provincial Police, the Investigation Police Agency verified and clarified the case of a woman lending money at high interest rates of up to 208.05%/year.
On December 8, the Investigation Police Agency of Tra Vinh Province prosecuted and issued an order to temporarily detain Ms. Vuong Kim Oanh (49 years old, residing in Ward 6, Tra Vinh City) for the act of "Lending high interest rates in civil transactions".
According to the initial investigation, people called the "hotline" number of Colonel Tran Xuan Anh - Director of Tra Vinh Provincial Police to report that Ms. Oanh had engaged in loan sharking.
During the investigation, the Tra Vinh Provincial Police Department determined that from 2021 to 2022, Ms. Oanh lent more than 5 billion VND to a resident in Nha Tho Hamlet, Tan An Commune, Cang Long District and a person from Dak Lak Province, with an agreed interest rate of 3,500-5,700 VND/1 million VND/day, or from 127.75% to 208.05%/year. From there, Ms. Oanh illegally profited more than 800 million VND.
Recently, through the hotline number of Colonel Tran Xuan Anh, the provincial police's professional units have been receiving and processing dozens of sources of information related to loan sharking activities throughout the area.
Tra Vinh Provincial Police handled a series of loan sharks, many of whom were prosecuted and arrested.
