Loan sharking and debtor terrorization tricks of a young man from Luong
(Baonghean.vn) - Ho Vinh Dien often meets in a secluded place to give money, without writing a loan note, just writing it in his personal phone notes. For each borrower, the subject collects interest equivalent to 108% to 180%/year.
According to the investigation agency's documents, this is an extremely dangerous subject, with many clever tricks to deceive the authorities. The subject often sends "disciples" to spread the news that he lends money, then whoever needs it, Dien will meet in a secluded place to give money, without needing to write a loan note, just write it in his personal phone notes. For each person who borrows like that, the subject collects interest from 3,000 VND to 5,000 VND/1 million/1 day (interest rate equivalent to 108% to 180%/1 year).
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| Subject Ho Vinh Dien. |
Despite knowing the interest rate is so high, many people still come to Dien because they need money urgently and the procedures are simple. But with the "exorbitant" interest rate, many people are slow or unable to pay. In such cases, Dien will threaten, terrorize, even beat and harass at work or at home. Some "debtors" are so scared that they have to leave home and go to other places.
Initially, the investigation agency determined that from 2018 to present, Dien has lent more than 1 billion VND to 6 people and illegally profited more than 400 million VND.
Currently, the Nghe An Police Investigation Agency is completing procedures and documents to prosecute the subject in accordance with the provisions of the law. At the same time, continuing to investigate and expand the case.
