Breaking up a nationwide loan sharking ring

On October 12, the Criminal Police Department ( Nghe An Provincial Police) announced that it had just fought and eradicated a group of loan sharks in civil transactions on a nationwide scale.

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Through the work of grasping the situation, the Criminal Police Department (Nghe An Provincial Police) discovered a group of subjects with signs of violating the law related to the act of lending at high interest rates in civil transactions in many localities such as: Nghe An, Ha Tinh, Hanoi, Phu Yen ...

2 subjects Ngo Quang Duy and Vu Van Son. Photo: NGHE AN POLICE

During the investigation, the Criminal Police Department determined that this was a large-scale, organized "black credit" group operating with high interest rates nationwide. This group was led by two subjects: Ngo Quang Duy (born in 1982, residing in Hong Bang district) and Vu Van Son (born in 1991, residing in Kien An district, both in Hai Phong city).

Investigation and verification showed that this group of subjects used social networks to create a Fanpage "ALO available now", publicly posting articles with content about lending money. When borrowers contacted, the subjects would directly or hire someone to go directly to the borrower's location to verify, asking the borrower to provide information and identification documents before the transaction.

The interest rate offered by the subjects to the victims is up to 10,000 VND/million VND/day, equivalent to 365%/year. It is worth mentioning that the subjects give many reasons such as application fees, loan insurance, guaranteed interest... to deduct from 20% to 30% of the total loan amount for the victims, but do not notify the victims in advance. After that, every day, the borrower must pay the principal and interest by transferring money to the bank account designated by the subjects.

The police agency determined that hundreds of victims were lured into borrowing money from the above subjects and most of them lost their ability to repay the debt after only a short time of borrowing.

From the beginning of 2024 until the time of arrest (early October), Duy and Son's group had lent nearly 100 people in Nghe An, Ha Tinh, Hanoi, Phu Yen... more than 4 billion VND, illegally profiting hundreds of millions of VND.

The case is still under investigation.

DUY CUONG

Source: https://www.sggp.org.vn/pha-o-nhom-cho-vay-cat-co-voi-quy-mo-toan-quoc-post763302.html