Clothing store owner in Vinh arrested for loan sharking
(Baonghean.vn) - Lending money to many people in Vinh city with interest rates from 180%/year to 230%/year, Nguyen Thi Hao was arrested to investigate the act of lending money at high interest rates in civil transactions.
Accordingly, on January 4, the Economic Police Team (Vinh City Police) successfully discovered the case and arrested Nguyen Thi Hao for the act of givingloan sharkin civil transactions. Searching the subject's residence, the police seized many books, documents, and mobile phones related to loan sharking activities.
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| Subject Nguyen Thi Hao. Photo: Duc Vu |
Initial investigation results determined that Nguyen Thi Hao had lent money at high interest rates from 2017 to the time of her arrest, with a loan amount of about 3 billion VND, and illegal profits of more than 300 million VND. Hao is the owner of a clothing business in Vinh market area (Vinh city), and has lent money to many people in Vinh city withinterest ratefrom 5,000 - 8,000 VND/1 million VND/day (equivalent to 180% - 230%/year).
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| Many loan papers confiscated from the subject. Photo: Vuong Linh |
Borrowers were given loan papers printed by Hao and had interest deducted when they received the loan. They were mainly relatives and did not need to mortgage any assets when borrowing money. Monthly interest was paid to the location that Hao informed over the phone, or money was transferred to another person's bank account to mislead the police. Nguyen Thi Hao had 3 previous convictions and served more than 9 years in prison for prostitution, prostitution brokerage, and gambling.
Currently, Vinh City Police are criminally detaining the subject.
