Dismantling a loan shark ring with interest rates up to 1,000%/year in Phu Yen

On the evening of January 26, Tuy Hoa City Police (Phu Yen) announced that they had dismantled a "black credit" ring in the area, prosecuted and temporarily detained 3 subjects including: Le Duc Thang (32 years old), Truong Van Luat (25 years old) and Doan Van Vu (33 years old, all residing in Ly Nhan District, Ha Nam), for lending money at high interest rates in civil transactions, from 341 - 1,000%/year.

Le Duc Thang

In 2023, the above group of people came to stay in Tuy Hoa City and operated loan sharking activities by advertising financial loans on the social network Facebook.

Through the work of grasping the situation, in January 2024, Tuy Hoa City Police established a special project to fight. On January 23, the special project team established 4 working groups to simultaneously arrest the subjects: Le Duc Thang in Ly Nhan District (Ha Nam), Truong Van Luat, Doan Van Vu and his accomplices temporarily residing in Ward 7, Tuy Hoa City.

Evidence of loan sharking with interest rates up to 1,000%/year in Phu Yen

Searching the suspects' residence, the police seized more than 55 million VND, 13 gold bracelets, 36 ID cards, 24 ID cards, 12 household registration books, 7 driver's licenses, 8 motorcycle registration papers, 6 birth certificates, 2 marriage certificates, and many documents and contracts for lending and borrowing money related to usury activities.

In the initial investigation, the police determined that from August 2023 to January 2024, Le Duc Thang's group and his accomplices lent more than 3.7 billion VND to many people in Tuy Hoa City, Dong Hoa Town and Tuy An District with interest rates ranging from 341 - 1,000%/year, with an estimated illegal profit of 1.35 billion VND.

The case is being clarified by Tuy Hoa City Police to handle according to the provisions of law.

Source link: https://thanhnien.vn/triet-pha-duong-day-cho-vay-nang-lai-den-1000-nam-o-phu-yen-185240126204436729.htm