Using financial companies as cover to gamble and lend at high interest rates

On March 10, the Investigation Police Agency of Do Luong District Police announced that they are temporarily detaining two suspects, Nguyen Sy Hao and Do Cong Duc, to continue investigating and expanding the case.

Previously, in early February 2021, through the work of grasping the situation in the field of crimes related to "black credit"In the area, Do Luong District Police discovered that Nguyen Sy Hao (born in 1975), residing in Phu Dinh hamlet, Yen Son commune, Do Luong district, had shown signs of hiding under the business name of Duc Nhan Financial Services Company to operate loan sharking in civil transactions.

Subject Do Cong Duc. Photo: Duc Vu

Through the verification and investigation process, the police force identified Hao as the owner of 4 financial service businesses of Duc Nhan Company located in Do Luong district. By hiding under the above-mentioned financial service company, from 2018 to present, Hao has carried out loan sharking acts to hundreds of people in Do Luong district. In addition, Hao also carried out gambling acts through the form of accepting lottery numbers.

Identifying this as a very sophisticated and cunning criminal ring and requiring the concentration of forces and means to combat and eradicate it, on March 2, 2021, Do Luong District Police established a special project to combat it.

Subject Nguyen Sy Hao. Photo: Duc Vu

From the collected evidence, at 7:00 p.m. on March 7, 2021, Do Luong District Police decided to crack the case, simultaneously inspecting 4 financial service businesses of Duc Nhan Financial Services Company located in Do Luong District, and simultaneously searching and detaining Nguyen Sy Hao in an emergency for gambling and loan sharking in civil transactions; detaining Do Cong Duc (born in 1990), residing in Huong Quang hamlet, Yen Son commune, Do Luong district) in an emergency for gambling. Confiscated 30.5 million VND, 1 laptop, 3 mobile phones, 2 books related to borrowing money.

The Investigation Police Agency has proven that on March 7, 2021, Hao and Duc gambled by recording lottery numbers through Zalo software with a total gambling amount of 10.7 million VND..Besides,Initially, it was proven that from February 2020 until his arrest, Hao had lent a total of 126 million VND to 6 individuals in the area at high interest rates of 3,000 VND/1 million VND/day.,thereby illegally profiting more than 60 million VND.

In addition to the above 6 individuals, at the Investigation Agency, Hao also confessed to lending money to hundreds of other individuals in the area at high interest rates.