Insurance employee fled after borrowing 30 billion VND

Duc Hung October 19, 2018 06:18

Pressured by creditors, a female insurance employee borrowed 30 billion VND at high interest rates and then fled to the Central Highlands.

On October 18, Ha Tinh police said they had just prosecuted and detained Nguyen Thi Tham (38 years old, residing in Thach Dai commune, Thach Ha district) for the crime ofFraudulent appropriation of property, according to Article 174 of the 2015 Penal Code.

Suspect Tham at the investigation agency. Photo: D.H

According to the investigation documents, Tham was an employee of an insurance company in Ha Tinh. In order to complete the insurance premium collection target and expand the market, Tham borrowed money from friends and acquaintances to pay in advance for customers who were due but did not have money to pay.

In early March, the insurance business encountered difficulties, the amount of debt increased, and Tham lost the ability to pay the loans.

Pressured by creditors to pay interest and principal, Tham was afraid of affecting her reputation so she took the risk of borrowing more than 30 billion VND in high interest rates from many people in the province, then fled to the Central Highlands.

After a period of hiding, in mid-October, Tham turned himself in.

According to vnexpress.net
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Insurance employee fled after borrowing 30 billion VND
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