Dismantling a lending ring that lent money to 300 people at 'exorbitant' interest rates in Nghe An
(Baonghean.vn) - To avoid detection by the police, Tran Viet Tra (residing in Nghi Loc district) managed and operated the "black credit" line using high-tech software. This made it difficult for the police force to investigate.
The Criminal Police Department of Nghe An Police has just dismantled a loan sharking ring in civil transactions in Nghe An and Ha Tinh, arresting Tran Viet Tra (born in 1989, residing in Hamlet 1, Nghi Phong Commune, Nghi Loc District). Initially, it was determined that the subject organized loans to more than 300 people with a total amount of more than 10 billion VND.
Managing and operating the lending activities using computer software, Tran Viet Tra recruited a few trusted juniors who were notorious criminals to help with debt collection.
For debtors who do not pay on time, Tra sends his underlings to collect debts, terrorize, threaten, intimidate, and take pictures to post on social networks to defame the honor and image of the victims.
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| Subject Tran Viet Tra at the police station. Photo: Anh Quan |
After a long time of establishing an investigation project, the Criminal Police Department, Head of the project, presided over and coordinated with the professional department (Nghi Phong Commune Police) to urgently arrest Tran Viet Tra for the act of lending money at high interest rates in civil transactions. Searching Tra's residence, the police force seized 1 computer, 1 mobile phone, 90 loan papers, 12 pawn contracts, 1 debt book and more than 1 billion VND in cash along with many documents related to the act of lending money at high interest rates.
At the police station, Tra confessed to all of his crimes. Accordingly, the subject organized loans with high interest rates of 3,000 - 5,000 VND/1 million/1 day, equivalent to 108 - 180%/year. After checking the loan management software on Tra's computer, the police determined that Tra and his accomplices had organized loans for 349 people with a total amount of more than 10 billion VND, the interest Tra received was 7 billion VND. Of this, Tra received 2 billion VND, the remaining debtors have not yet paid.
During the investigation, the Criminal Police Department worked with a number of victims. The police initially determined that the amount of money Tra had illegally profited was nearly 200 million VND. Currently, the Criminal Police Department has issued a decision to prosecute the case, prosecute Tran Viet Tra for the crime of Usury in civil transactions and continue to investigate and expand the case.
