Four tattooed young men arrested for loan sharking
Authorities have just prosecuted and arrested four young men who loaned money at exorbitant interest rates in the area.
On April 25, Ha Dong District Police (Hanoi City) issued a decision to prosecute the case.prosecute, temporarily detained 4 subjects Nguyen Duy Thu (born 1994, residing in Hong Duong, Thanh Oai, Hanoi), Nguyen Huy Nghia (born 1994, residing in Kim Thu, Thanh Oai district, Hanoi), To Quyet Cong (born 1999, residing in Diem Diem, Thai Thuy, Thai Binh), Nguyen Tran Thuyet (born 2003, residing in Cao Duong, Luong Son, Hoa Binh) to investigate the act of lending at high interest rates in civil transactions.
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| Suspects at the police station. |
Through the work of grasping the situation in the area, Ha Dong District Police discovered a group of people renting houses in Phu La Ward with signs of financial business activities in the form of "eight-family" high-interest loans. The leader of the group was Nguyen Duy Thu.
On April 8, Ha Dong District Police detained Nguyen Duy Thu, Nguyen Huy Nghia, To Quyet Cong, and Nguyen Tran Thuyet. The subjects confessed that from October 2020 to present, they had lent many people about 6 billion VND at high interest rates in the form of "bat ho" (eight-family lottery).
Loans range from 15 million VND to 100 million VND and when lending, interest will be cut from 3 million VND or more for 1 "bowl", equivalent to interest rates from 183% to 228%/year. Borrowers must pay Thu both principal and interest within 30 - 40 days, otherwise "strong measures" will be applied.
Thu sent his juniors to collect debts from customers with a salary of 5 million VND/month. Currently, Ha Dong District Police are consolidating the records and handling the subjects according to regulations.