Three individuals were arrested for lending money at interest rates ranging from 240% to 644% per year.
Authorities have arrested three individuals in connection with a case of "usurious lending in civil transactions," resulting in illicit profits exceeding 10 billion VND.
On September 3rd, the Criminal Police Department of Quang Tri Provincial Police announced that, according to their investigation, from 2024 to 2025, a group of individuals including Pham Duy (born 1992), residing in Son Tay ward; Nguyen Van Dung (born 1966), residing in Tran Phu commune; Tran Tuan Vu (born 1990), residing in Son Tay ward; Phan Viet Trung (born 1992), residing in Son Tay ward (Hanoi); and Duong Huu Phuc (born 1987), residing in Phuc Yen residential area, Yen Bai ward (Lao Cai), organized lending activities to several people in Quang Tri province and Hue city, charging interest rates ranging from 240% to 644% per year. These interest rates are 12 to 31.28 times higher than the maximum interest rate stipulated by the Civil Code. The total transaction amount exceeded 25 billion VND, resulting in illicit profits of over 10 billion VND.
Authorities have arrested three ringleaders, Pham Duy, Nguyen Van Dung, and Phan Viet Trung, for the crime of "usurious lending in civil transactions."
During the search of the suspects' rented rooms, authorities seized numerous related items, including 10 mobile phones, 2 desktop computers, 2 knives, 2 swords, and various related documents. At the rented room of Tran Tuan Vu and Phan Viet Trung in Nam Dong Ha ward, authorities discovered 9 round, pink tablets in a wardrobe in the suspects' bedroom. Currently, the two suspects have been handed over to the Nam Dong Ha Ward Police for investigation into their alleged involvement in the crime.Illegal possession of narcotics"
The incident is currently under investigation by the relevant authorities.