A group specializing in lending at "exorbitant" interest rates in Vinh City was eliminated.

Through basic professional work, the Criminal Police Department (Nghe An Provincial Police) discovered that in Nghi Duc commune, Vinh city, there appeared a criminal gang operating loan sharking activities led by Nguyen Trung Tinh (commonly known as "Ut Thanh", born in 1981, residing in Xuan Trang hamlet, Nghi Duc commune, Vinh city). Tinh is a criminal, with 01 previous conviction for "Intentionally causing injury".

Project 128N was established to fight.

Subject Nguyen Trung Tinh. Photo: Quynh Trang

Since August 2015, Nguyen Trung Tinh has used his personal money and mobilized deposits from many different sources to lend large amounts of money to people in Vinh City, Nghi Loc, Dien Chau and Yen Thanh districts at high interest rates (VND 5,000/1 million/day to VND 10,000/1 million/day).

Many debtors who were unable to pay the interest were called and had their underlings come to their homes to threaten and pressure them. Tinh's loan sharking activities have caused many families to fall into economic difficulties, with mounting debts, forcing them to sell their homes, assets or flee the area.

“Tinh and his accomplices were separated from a group of notorious criminals that had been eradicated by the Criminal Police Department since 2012. Many victims were afraid and did not dare to come forward to report the case, so they encountered many difficulties during the investigation process.”Captain Vo Trong Thanh, deputy head of the Criminal Police Department (Nghe An Police) said.

Loan papers seized at the suspect's home. Photo: Minh Khoi

After collecting sufficient evidence to prove the subject's criminal behavior, on December 23, 2018, the Investigation Committee decided to crack the case and ordered a search at the subject's private home for the act of "Lending money at high interest rates in civil transactions", seizing 14 loan papers and 2 notebooks recording loan-usury activities.

At the investigation agency, Nguyen Trung Tinh confessed to his crime. Initially, the investigation team proved that Tinh lent nearly 8 billion VND to 50 people, illegally profiting more than 1 billion VND. Currently, the investigation is continuing to expand.