Black credit line in Nghe An attracts students to participate
(Baonghean.vn) - Hai entered the school and approached the students, lending them money at interest rates ranging from 182.5%/year to 365%/year. When the students did not pay on time, Hai's group arrested, beat, and threatened them.
Yen Thanh District Police said that the unit has just prosecuted two subjects Le Xuan Hai (born in 1992) and Nguyen Canh Quang (born in 1997), both residing in Hamlet 8, Xuan Thanh Commune, Yen Thanh District, to investigate the crime of Illegal Arrest and Detention. Subject Hai is also being investigated for the crime of Loan sharking in civil transactions.
In early 2019, in Yen Thanh district, there was a situation of illegal credit activities, notably the victims were all students at high schools and vocational schools in the area.
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| Subject Le Xuan Hai. Photo: Quynh Trang |
Many students have used the borrowed money to gamble, neglect their studies, drop out of school, or run away from home for fear of being harassed by creditors or hiring "gangsters" to collect debts.
Loan sharks operate very aggressively, even forcing students who are in debt to come to class and entice their friends to come... borrow money. In particular, there are about a few dozen students with serious debts who have been threatened, arrested, beaten, controlled by creditors and not allowed to go to school or come to their homes to meet their families to collect debts. Faced with this situation, Yen Thanh District Police have stepped in and set up a special project to fight and clarify the matter.
Through the verification and investigation process, Yen Thanh District Police detained two subjects, Le Xuan Hai and Nguyen Canh Quang.
According to the statements of the subjects and the police investigation documents, on January 13, 2019, through the introduction of some schoolmates, Nguyen D. A. (born in 2002, a student at a high school in Yen Thanh district) asked to borrow 5,000,000 VND from Le Xuan Hai to organize a birthday party.
The two parties agreed on an interest rate of 10,000 VND/1 million VND/day, with a loan term of 1 month. In addition, Le Xuan Hai also asked Nguyen D. A. to write a loan note with the signatures of both parties. When the due date came, Nguyen D. A. asked for an extension.
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| Subject Nguyen Canh Quang. Photo: Quynh Trang |
On March 26, 2019, Le Xuan Hai called Nguyen Canh Quang to come to school to "arrest" N.D.A and take him to Le Xuan Hai's house. There, the two subjects threatened and beat N.D.A, causing her face to bleed profusely. At this time, the two subjects forced N.D.A to call her family to pay the debt and then let Nguyen Duc Anh walk home.
During the investigation, the police agency clarified that from August 2018 to present, Le Xuan Hai has conducted 25 loan transactions to earn interest, clarifying the loan amount of more than 200 million VND, the amount of illegal profit of more than 50 million VND.
The interest rates these subjects collect range from 182.5%/year to 365%/year, 9.125 times to 18.25 times higher than the prescribed interest rate.
