Thien Soi's house was searched, the tycoon who owns 2 gold-plated villas was accused of lending money at 'exorbitant' interest rates.

Tycoon Le Thai Thien (aka Thien Soi) was sued by many people.denouncelending at exorbitant interest rates. When debtors are unable to repay their debts, their homes and land are seized, forcing many people to turn to the government for help.

This tycoon owns a house.gold-plated villain Lang Cat hamlet, Tan Hai commune, located on Highway 51, is always brightly lit at night, making many passersby admire and praise. The outside of the villa is painted yellow, many details inside are plated with 24k gold, including the ceiling, walls, hanging lights, stairs...

Tycoon Le Thai Thien (aka Thien Soi).

Many curious people stood on both sides of the road watching the police search the house. Police forces were increased to ensure security and order.

Previously, Ba Ria - Vung Tau province police said they had received a complaint against Mr. Le Thai Thien (residing in Lang Cat village, Tan Hai commune, Ba Ria-Vung Tau province) to investigate the act of "usury and property appropriation" according to the law.

Authorities searched the house of tycoon Thien Soi.

According to Mr. Luu Ngoc Tu's complaint, at the end of 2017, due to business expansion and building a company office, the capital source was lost. At this time, he and his wife went to Mr. Le Thai Thien to borrow 8 billion VND and was taken in many times with an interest rate of 3.5%/day, equivalent to 105%/month. By September 2018, although he had paid interest many times, Mr. Tu and his wife still owed Mr. Thien with an amount of up to 20 billion VND.

Curious people stood watching on both sides of the road.

After calculating and offsetting many assets, as of February 22, 2020, Mr. Luu Ngoc Tu still owes Mr. Thien 18 billion VND.

Mr. Tu said that his family has now fallen into bankruptcy. He has repeatedly sought Mr. Thien to ask for debt forgiveness because he has paid too much in principal and interest to Mr. Thien, but he has not been able to do so and has been threatened. Too scared, Mr. Tu filed a complaint against Mr. Le Thai Thien and asked for help from the authorities.