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 the debtor is unable to repay the debt, the house and land are seized, causing many people to be left penniless and have to seek help from the government.

This tycoon owns a house.gold plated villain Lang Cat hamlet, Tan Hai commune, 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 as the police searched the house. Police forces were reinforced to ensure security and order.

Previously, the Ba Ria - Vung Tau provincial 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 "loan sharking and asset misappropriation" 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 company's capital was depleted. At this time, he and his wife sought out Mr. Le Thai Thien to borrow 8 billion VND and was given many times an interest rate of 3.5%/day, equivalent to 105%/month. By September 2018, despite paying interest many times, Mr. Tu and his wife still owed Mr. Thien an amount of up to 20 billion VND.

Curious people stood watching on both sides of the road.

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

Mr. Tu said that his family has now fallen into bankruptcy, and 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.