The people received 180 million VND.

(Baonghean.vn) Following the publication of a lengthy article by Baonghean.vn about Mr. Nguyen Ba Hoan, the ringleader of a rotating savings and credit association (ROSCA) in Thanh Phong commune, Thanh Chuong district, who mobilized hundreds of millions of dong in loans with high interest rates and "golden schemes," and after several ROSCAs collapsed, he declared his inability to repay and left the area. According to information obtained by the people, Mr. Hoan is currently living in Dak Lak, has built a house in Thanh Phong commune, and is arranging for his child to work abroad in South Korea.

Upon receiving the information published by Nghe An Newspaper and the citizens' petition, the Thanh Chuong District Police, in coordination with the political systems in Thanh Phong commune, launched an investigation. After investigating and gathering statements from the affected residents, along with decisive measures, according to information from the authorities, the first residents have received their money back.

Accordingly, on January 1, 2012, Mr. Hoan's family paid 130 million VND to the households, and one day later they paid another 50 million VND, bringing the total amount paid by Mr. Hoan to 180 million VND. Of this amount, Mr. Le Xuan Bao received 12 million VND, Mr. Nguyen Ich Hue 9 million VND, Mr. Nguyen Ich Thai 4 million VND, Ms. Thong 3 million VND, Ms. Nguyen Thi Huong (Thang) 7 million VND, Mr. Nguyen Duy Duong 7 million VND... A preliminary count shows that approximately 30 households received the money. However, this is only the principal amount, not including interest. According to the law, the agreed-upon interest rate must be paid in full.

Dam Phuong