Search many branches of F88 Company

By late afternoon on March 6, Ho Chi Minh City Police were still coordinating with Go Vap District Police and the Criminal Police Department (Ministry of Public Security) to block off building number 238-242 Nguyen Oanh, Ward 17, Go Vap District, the headquarters of F88 Trading Joint Stock Company (F88 Company) - a large-scale financial lending company in Ho Chi Minh City to conduct a search.

Not only the F88 Company headquarters in Go Vap district, many branches of this company in many other locations in Ho Chi Minh City were also inspected and searched by the police.

F88 Company Branch in Tan Phu District.

Specifically, at the F88 Company branch on Tran Quang Khai Street, District 1; F88 branch on Do Xuan Hop Street, Thu Duc City; branch on Nguyen Van Qua Street, District 12; branch on Le Trong Tan Street, Tan Phu District..., the police also carried out blockades, inspections, and searches.

It was noted that at around 2:00 p.m. in District 1, functional forces including District 1 Police, Ho Chi Minh City Police, and civil defense forces blocked off the outside to serve the inspection and search inside.

F88 Company Branch on Tran Quang Khai Street, District 1.

Almost all branches of F88 Company in Ho Chi Minh City were inspected and searched to serve the investigation. According to the investigation, F88 Company has over 80 branches and transaction offices located in 23 districts of Ho Chi Minh City.

These branches are mainly concentrated in districts such as Thu Duc City, Tan Binh District, Binh Tan District, Binh Thanh District... with an average of 5 to 7 locations. Operating in the field of finance, lending, pawning...

According to Ho Chi Minh City Police, the search was conducted at the branch of F88 Trading Joint Stock Company in Go Vap District to serve the investigation into lending and property extortion activities.

On the same morning, the joint force was present outside the company's branch building, blocking off and maintaining security and order in the area, regulating traffic to avoid congestion, and clearing out curious crowds gathered outside, affecting people's traffic. Accordingly, the F88 Company headquarters is located on 2 floors of the above building, with a capacity of hundreds of employees. This company has rented this building for business operations since the beginning of 2022.

The search of F88 Company branches was carried out until the afternoon of the same day and was not yet completed.

F88 Company is headquartered on Nguyen Trai Street (Thanh Xuan Trung Ward, Thanh Xuan District, Hanoi), operating in the field of lending and mortgaging assets.

Recently, Ho Chi Minh City Police in coordination with the Criminal Police Department have continuously dismantled organized networks that disguise themselves as companies to carry out acts of property appropriation, terrorism, and debt collection, causing headaches.

Ho Chi Minh City Police coordinated with the Ministry of Public Security and Go Vap District Police to raid the headquarters of the F88 Company branch in Go Vap District.

Previously, dozens of people from Mirae Asset Finance Company Limited and Power Law Company Limited were detained by Ho Chi Minh City Police for investigation.

The modus operandi of these groups is to operate under the guise of financial trading companies and law offices, recruiting hundreds of employees to collect debts according to contracts signed with partners by means of continuous phone calls, text messages of harassment, terror...