The incident happened in Dak Lak, Vietnam, a young man named Tran Huy Quoc, 28 years old, lent more than 300 million VND to 18 students in Ea Kar district with very high interest rates.
Quoc was criminally detained by Ea Kar District Police for lending at high interest rates in civil transactions.
According to the investigation, since September 2023, Quoc lent a total of more than 300 million VND to 18 students in Ea Kar district.
Quoc lends at an interest rate of 365-547% per year.
In this case, Quoc illegally profited more than 40 million VND.
At the police station, Quoc confessed that he had taken out loans at high interest rates.
He forced them to write loan documents to borrow money for consumption, buy phones, and write down low interest rates.
Police confiscated many documents related to loan sharking activities.
Police are expanding their investigation into this incident, Ho Chi Minh detective agency https://vndetective.com