Detained the subject who threw dirty substances into the 'debtor's' house
Pham Manh Hung lends money at high interest rates, pressuring debtors to pay by throwing dirty substances into their houses.
On July 4, Ha Dong District Police (Hanoi) announced that they had initiated a case, prosecuted the accused, and temporarily detained Pham Manh Hung (born 1990, in Mo Lao ward) for the crime of "Extortion" and "Loan sharking in civil transactions".
Previously, on June 28, Ha Dong District Police received a complaint from Ms. Vu (born in 1966, in Van Phuc Ward) about dirty substances being thrown at her house. This woman owed the "social subject" 500 million VND.
The police also determined that the case had signs of loan sharking and throwing dirty substances to collect debt, so they investigated and arrested Pham Manh Hung.
At the police station, Hung confessed to lending money at high interest rates since the end of 2023 in the form of "daily interest loans" and "loan sharks" with interest rates from 146% to 365% per year.
Hung did not open a store, but through referrals. When a customer contacted him, Hung met them to assess their ability to repay the debt before lending them money.
Hung required customers to write IOUs and kept some of their personal documents as collateral. When customers did not pay as agreed, Hung would call, text, threaten, and throw dirty substances into the house to force them to pay.
In Ms. Vu's case, because she needed money to handle personal matters, through a friend's introduction, she contacted Hung to borrow daily interest.
Ms. Vu borrowed 6 times with a total amount of 500 million VND, interest rate of 8,000 - 10,000 VND/1 million VND/day (ie 292-365%/year), agreed to pay interest every 10 days. The total interest Ms. Vu paid was 443 million VND, not yet paid the principal. After that, Ms. Vu was late in paying the debt, so Hung texted her to curse, threaten and threw dirty substances into the house 4 times.
