On November 13, Ha Dong District Police (Hanoi City) announced that the Criminal Police Department has just detained Hoang Van Vu (35 years old) and Tran Duc The (41 years old) to investigate the act of lending at high interest rates in civil transactions.
According to the authorities, following the direction of the Hanoi City Police to launch a high-point campaign to attack and suppress crimes and law violations related to "black credit" activities, the Ha Dong District Police discovered a back-massaging facility at 249 Chien Thang Street (Van Quan Ward) with signs of black credit. The owner of this facility is Vu.
During the investigation, the criminal police determined that Vu and several other subjects were operating loan sharking activities in the form of "lottery".
Hoang Van Vu and Tran Duc The (Photo: ANTĐ).
On November 9, the Criminal Police Team and Van Quan Ward Police simultaneously searched the residences of Vu and The, seizing many documents showing illegal credit activities.
At the investigation agency, Vu and The stated that since the beginning of 2023, both of them discussed and agreed to contribute capital to a financial business organization to lend money at high interest rates in the form of "boc bat ho", with interest rates from 146%/year to 183%/year.
To avoid detection by authorities, Vu opened a back massage facility, while The opened a porridge shop in BT8 Van Quan area.
When there is a borrower, Vu and The will meet, check information, complete procedures to write loan papers and remind the borrower to pay daily. Both use phones and social networks to manage borrowers, exchange information and finalize data.
Initially, Ha Dong District Police determined that this illegal credit group operated in many districts in Hanoi such as Ha Dong, Thanh Xuan, Hai Ba Trung, Nam Tu Liem, Chuong My... with loans of billions of dong.
During more than 1 month of the peak period (October to present), Ha Dong District Police have continuously destroyed 3 gangs and prosecuted 3 cases of Loan sharking in civil transactions.
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