Ho Chi Minh city police arrested 3 loan sharking groups in civil transactions with interest rates up to 900%/year.
Ho Chi Minh detective agency and private investigation service agency in Ho Chi Minh city, Vietnam.
These groups text messages to threaten and beat people when borrowers do not have enough money to pay interest or repay principal.
Ho Chi Minh City Police informed that they have arrested 3 groups of high-interest loan lenders in civil transactions with interest rates of 108% – 900%/year.
According to the investigation, Nguyen Kim Ky, who lives in District 7, Ho Chi Minh City, is the leader of the lending group with the highest interest rate, this group has more than 10 people.
This group made illegal profits of nearly 10 billion VND.
The group led by Nguyen Dai Duc, residing in District 4, Ho Chi Minh City, consists of 4 people, specializing in loan sharking.
Duc and his accomplices lend at interest rates of up to 420%/year.
The group of Nguyen Tan Hung, Pham Cong Tam and Nguyen Le Thuc Han, organizes loans with interest rates from 0.3%/day equivalent to 108%/year.
The police are consolidating evidence and continuing to expand their investigation into loan sharking cases in Ho Chi Minh City.
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