Arrest of 2 subjects colluding in loan sharking
(Baonghean.vn) - Vinh City Police (Nghe An) has just successfully broken up a case, arresting Nguyen Van Hung and Doan Thanh Loan for loan sharking in civil transactions.
Through the work of grasping the situation, the Criminal Police Team of Vinh City Police discovered that there were a number of suspects in the area engaged in loan sharking activities, so they established a special project to concentrate forces and means to fight and eradicate them.
Deploying professional measures, Vinh City Police identified Nguyen Van Hung as having engaged in usury in civil transactions. Because of greed, Nguyen Van Hung lent money to a number of individuals at high interest rates to gain illegal profits and benefit. Nguyen Van Hung lent money to victims in the form of unsecured loans, with interest rates ranging from 3,000 VND/1 million/1 day to 4,000 VND/1 million/1 day (equivalent to an interest rate of 108%/year to 146%/year).
To commit the illegal act, Nguyen Van Hung (born in 1968) colluded with Doan Thanh Loan (born in 1977), both residing in Xuan Thinh hamlet, Nghi Duc commune, Vinh city. Accordingly, after discussing and agreeing on the loan amount, loan form and interest rate, Loan would replace Hung in performing the next transactions with the borrowers. Doan Thanh Loan also directly collected the interest and called to urge the borrowers to pay the interest. After the victims paid the interest, Loan was rewarded with a "commission" from Hung with an amount ranging from 200,000 VND to 2,000,000 VND.
After consolidating evidence and documents, at around 2:00 p.m. on December 15, 2023, Vinh City Police arrested two subjects, Nguyen Van Hung and Doan Thanh Loan, for the act of usury in civil transactions. Through searching the residences of the two subjects, the police force also seized a number of documents and evidence related to the crime.
According to initial investigation, from around June 2021 to present, Nguyen Van Hung and Doan Thanh Loan have lent more than 125 million VND to many people. With this interest rate, the total amount of money that the two subjects illegally profited is more than 153 million VND.
Currently, Vinh City Police are completing the case file to handle the subject according to the provisions of law.