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usurious lending
News updates related to usurious lending
Two individuals involved in usurious lending were arrested in Tan Ky district.
Taking advantage of people's urgent need for money, two individuals, Lang Thi Nam and Nguyen Van Vinh, lent money to people in Tan Ky district at interest rates as high as 85,000 VND per million VND per day.
Law
Female lender prosecuted for charging exorbitant interest rates on online loans.
Having no stable job, Tran Thi Huong Giang sought out customers on social media platforms like Facebook and Zalo who needed to borrow money, lending them at interest rates ranging from 4,000 VND per million VND per day to 50,000 VND per million VND per day.
Authorities arrest a loan shark who illegally profited hundreds of millions of dong in Nghe An province.
Taking advantage of the difficult economic situation and the need of some local residents to borrow money for business and trade, Nguyen Thi Dieu lent money to many people, totaling several...
Nghe An police dismantle loan sharking ring charging 365% interest per year.
The Criminal Police Department of Nghe An Provincial Police has just dismantled a loan sharking ring operating nationwide, charging interest rates as high as 365% per year and reaping exorbitant profits...
Prosecution and temporary detention of a loan shark.
From 2022 to 2023, Ms. Huong lent PTT and NVB a total of over 400 million VND on two separate occasions, with an interest rate equivalent to 108% per year.
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