Prosecution of foreign tycoon running 6 loan shark companies in Ho Chi Minh City

Today (June 26), the Ho Chi Minh City Police Department prosecuted and temporarily detained Maksim Zubkov (41 years old, Russian nationality) for the crime of "Lending high interest rates in civil transactions".

Through investigation, the police agency determined that Maksim Zubkov was the person who operated all the activities of 6 companies including: Phuc Loc Tho Company Limited, Gofingo Company Limited, Infobot Company, Infinity Company, Solution Lab Company and Bao Tin Kim Long Company, to lend money through websites. The interest rate that these companies lent money, the lowest was 183%/year, the highest was up to 2,555%/year.

The Ho Chi Minh City Police Department issued a decision to prosecute and execute an arrest warrant against Maksim Zubkov. (Photo: CA)

As reported, in early March 2023, the Criminal Police Department - Ho Chi Minh City Police coordinated with Binh Thanh District Police to conduct administrative inspections of the above 6 companies. All companies are headquartered on the 7th, 8th, and 11th floors of Thuy Loi 4 Building, No. 102 Nguyen Xi Street (Ward 26, Binh Thanh District).

It is worth mentioning that all 6 companies registered their business lines as pawn services, management consulting... however, they all have the same organizational structure and employees working together.

Companies disguise themselves as pawnshops, but in fact organize illegal consumer credit lending online through websites such as: senmo.vn, thantaioi.vn, caydenthan.vn...

Police have detained a number of people at the above 6 companies and sealed many machines and documents related to illegal credit activities.

According to the investigation, 6 companies have a very large-scale operating model, dividing specific tasks such as: advertising, searching for customers; loan consulting, guiding borrowers on online lending websites; checking and verifying borrower information; loan approval, debt collection...

The police have prosecuted 22 people, including directors, team leaders, employees, etc. of 6 companies. (Photo: CA)

From the collected records, the police conducted a preliminary investigation of 42 borrowers with 247 transactions that had completed civil procedures. Thereby, it was determined that the group of borrowers with the lowest interest rate for 1 transaction was 183%/year, the highest for 1 transaction was 2,555%/year (10-128 times higher than the highest lending interest rate in civil transactions according to the provisions of the Civil Code), illegally profiting more than 442 million VND.

Initially, Ho Chi Minh City Police prosecuted 22 people, including directors, team leaders, employees, etc. of the above 6 companies, for the crime of "Lending high interest rates in civil transactions".

During the investigation, the police determined that Maksim Zubkov was the boss, running all activities of the 6 companies, so they prosecuted and temporarily detained him for the same crime.

(Source: Vietnamnet)

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Source: https://vtc.vn/khoi-to-ong-trum-nguoi-nuoc-ngoai-dieu-hanh-6-cong-ty-cho-vay-lai-nang-o-tp-hcm-ar802160.html