They lend money at exorbitant interest rates and then "force" debtors to become fraudsters.
Because he needed money, Mr. H. borrowed 300 million VND from the suspect Cuong. When lending the money, Cuong drafted a receipt stating that Mr. H. received the money to help Cuong get a job, and then forced him to sign it.
On the afternoon of September 1st, the My Hao Town Police (Hung Yen province) announced that they have initiated a criminal case, charged the suspect, and issued an arrest warrant for temporary detention against Dao Duy Cuong (born in 1990, residing in Nhan Hoa ward, My Hao town) for the crime of extortion.
The suspect was arrested by the police. Photo: CACC
Previously, the police received a complaint from suspect Cương alleging that Mr. Nguyễn Đức H. (born in 1987, residing in Mỹ Hào town) had committed fraud by receiving 300 million VND to secure a job for Cương.
The police focused on verifying and investigating the matter; however, the results determined that the allegations in Cuong's complaint were false.
Accordingly, in May 2020, due to financial needs, Mr. H. borrowed 300 million VND from Cuong at an interest rate of 44% per year. When lending the money, Cuong drafted a receipt stating that Mr. H. received the money to help Cuong get a job, and then forced him to sign it.
The suspect is cooperating with the investigating authorities. Photo: CACC
From around September 2022, due to Mr. H.'s repeated failure to pay interest, Cuong frequently sent threatening messages, stating that if he did not pay as agreed, he would file a complaint with the authorities, based on the receipt Mr. H. had signed acknowledging receipt of the aforementioned amount.
After sending numerous threatening messages, as of August 10th, Cuong had collected a total of 317 million VND from Mr. H.
