Savings and credit association collapse in Dien Chau: Police receive 119 complaints.

(Baonghean.vn) - According to authorities, the number of victims in the collapsed informal lending scheme in Dien Thanh commune (Dien Chau district) could reach hundreds of people, with tens of billions of VND lost.

According to information from the authorities, to date, they have received 119 complaints totaling nearly 6 billion VND from traders and residents regarding the collapse of a rotating savings scheme involving the couple Tran Thi Soa and Cao Xuan Nam in Hamlet 9, Dien Thanh Commune (Dien Chau District).

Outraged traders from Phu Dien went to the market management board to submit a complaint.

According to the Dien Thanh Police, this figure is less than half; the rest have not yet filed complaints due to fear of affecting their jobs. Currently, local police are encouraging people to submit complaints for statistical purposes, and are coordinating with relevant agencies to investigate and accurately assess the cases.

The Dien Chau District Police have submitted the necessary procedures to the relevant authorities to prevent Mrs. Soa and Mr. Nam from leaving the country.

According to the Dien Thanh police, Mrs. Soa and Mr. Nam have three daughters; one is working abroad in Japan, and the others are married and live far away. Mrs. Soa used to sell tofu at the market, and her husband, Mr. Cao Xuan Nam (born in 1960), worked as a security guard at the Dien Chau District People's Court.

Due to her existing connections with the small traders, Ms. Soa quit her job and switched to mobilizing contributions from the traders in the market. This illegal informal lending scheme was disguised as a "Charity Fund."

Not only did they prosper financially, but this couple also built a good reputation by paying interest promptly, even paying interest months in advance, which led many people to trust them and entrust their money to Mrs. Soa and Mr. Nam to earn monthly interest.

Reportedly, the smallest contribution was 10 million VND, while the largest was 800 million VND in cash. Further investigation revealed that the victims of Mrs. Soa and Mr. Nam were not limited to small traders at Phu Dien market, but also extended to neighboring areas such as Dien An, Dien Thinh, Dien Ngoc, and Dien Ky communes.

From the evening of September 16th, Mrs. Soa fled her home without anyone knowing where she went. The following day, her husband also fled, causing panic among traders and vendors at Phu Dien market in Dien Chau town, as well as in many other localities. After fleeing the area, Mrs. Soa and Mr. Nam's house in Hamlet 9, Dien Thanh, was completely destroyed by hundreds of creditors, and all their belongings were taken.

Mrs. Soa's house was completely demolished by her creditors.

Over the past two days, traders in the markets have been discussing and reporting that they received information that Mrs. Soa and her husband had been arrested by the police, but this is actually a false rumor. Currently, Mrs. Soa and Mr. Nam are still missing. The district and Dien Thanh commune police are also protecting the house, preventing people from vandalizing it.

According to the Dien Chau District Police, the nature of informal lending schemes in markets and among the population is spontaneous, with transactions being civil agreements that the police and local authorities are unaware of. Only when the scheme collapses do victims report it to the authorities and the police. Currently, the police are coordinating with relevant departments and agencies to investigate and clarify the matter.

Mai Giang