From the information reflected, discovered students in Dong Nai lend money to friends at high interest rates

(NLDO)- A high school student in Dong Nai loaned money to his friend at an interest rate 12-28 times higher.

On February 8, Phu Lap Commune Police (Tan Phu District, Dong Nai Province) filed an administrative violation case against a student who committed loan sharking in the area.

Police agencies disseminate the law to students and parents related to the loan sharking case.

Previously, on January 13, after a high school in the area reported signs of students engaging in loan sharking, Phu Lap Commune Police began investigating.

Initially, the police determined that PTH (born in 2007) lent a total of 17 million VND to two students: H.D.H. (born in 2006) and PVHP (born in 2006, both residing in Ta Lai commune) with an interest rate 12-28 times higher than the current regulations. PTH illegally profited more than 10 million VND.

During the extended investigation, the police discovered that PTH borrowed 7 million VND from D.TAK (born in 2008, residing in Phu Lap commune) and D.TAK earned more than 400,000 VND (not exceeding 5 times the highest interest rate according to the provisions of the 2015 Civil Code).

With this borrowed money, PTH lent it to his classmates at a higher interest rate to make a profit.

The total amount of illegal profits of PTH is less than 30 million VND, so he will not be prosecuted criminally but only punished for administrative violations.

Source: https://nld.com.vn/tu-thong-tin-phan-anh-phat-hien-hoc-sinh-o-dong-nai-cho-ban-vay-lai-nang-196250208093757295.htm