Nghe An: Handling 24 loan sharks, illegally profiting billions of dong
(Baonghean.vn) - On the afternoon of November 8, Nghe An Provincial Police organized an award ceremony for Thai Hoa Town Police for their outstanding achievements in breaking up Project 108L, eliminating pawnshops and financial companies that operated at high interest rates, causing public outrage. Initially, 4 subjects were detained and 20 subjects were administratively punished for lending at high interest rates.
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| Subjects involved in loan sharking and illegal profits. Photo: Duc Vu |
Previously, after a period of investigation and verification, at 10:30 a.m. on November 6, 2018, Thai Hoa Town Police simultaneously inspected 41 pawnshops and financial companies operating loan sharking in civil transactions in Thai Hoa Town. During the inspection, the police collected many documents and means related to loan sharking activities of 24 subjects, confiscating more than 500 million in cash, 30 motorbikes, 14 cars, 20 mobile phones and 18 computers.
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| Confiscated exhibits. Photo: Xuan Bac |
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| Number of motorbikes seized. Photo: Xuan Bac |
Through collected evidence, the Investigation Police Agency of Thai Hoa town has detained 4 subjects residing in Thai Hoa town, including: Phan Hai Duong, born in 1993, residing in Kim Tan block, Hoa Hieu ward; Nguyen Anh Duc, born in 1994, residing in Tay Hieu commune; Tran Xuan Hung, born in 1987, residing in Dong Hieu commune and Nguyen Viet Nghia, teacher, born in 1979, residing in Nghia Thuan commune.
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| Safes of the subjects were confiscated. Photo: Duc Vu |
According to documents from the Investigation Police Agency, for a long time, the above subjects have taken advantage of individuals' need for quick money, so they have enticed them to borrow money with interest rates offered many times higher than the interest rate regulated by the State Bank.
The monthly loan amount was up to more than 10 billion VND, the illegal profit was more than 1 billion VND. During the transaction with the borrower, the subjects did not record the interest rate on the documents, and when finalizing the payment, they destroyed and burned all related documents.
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| Provincial Police leaders and Thai Hoa town leaders awarded the project team. Photo: Xuan Bac |
Speaking at the award ceremony, the leaders of Nghe An Provincial Police commended the outstanding achievements of the officers and soldiers of Thai Hoa Town Police, and awarded the unit 5 million VND and requested the Agency (Thai Hoa Town Police Investigation Police) to continue to consolidate documents and expand the investigation to strictly handle the subjects according to the provisions of law.
