Two young loan sharks were arrested
Tran Manh Cong and Dao Xuan Son opened a loan shark business disguised as a pawn shop, illegally profiting more than 400 million VND.
On November 8, Cong and Son were prosecuted by Duc Tho District Police for their actions.Usury in civil transactions, according to Article 201, Penal Code 2015.
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Suspects Son (26 years old, left) and Cong (35 years old). Photo:CA |
According to the investigation, Cong and Son opened a pawn shop in Trung Le commune (Duc Tho district). From October 2018 to November 2019, they lent money at an interest rate of 292% per year. Customers borrowed one million VND in principal and had to pay 8,000 VND in interest every day. The interest rate was 13 times higher than the maximum rate in civil transactions.
Police accused the two young men of a loan shark disguised as a pawn shop that lent billions of dong to many people, illegally profiting more than 400 million dong.
In early November, following a citizen's complaint, Duc Tho District Police searched the pawnshop owned by Cong and Son, seizing many documents related to loan sharking.
.jpg "Truy sát trong đêm khiến một người tử vong, hai thanh niên lĩnh mỗi người 19 năm tù")
