Arrest of suspect for loan sharking up to 450%/year

Previously, through professional work, the Police Team investigating crimes on social order of Hue City Police learned that Nguyen Giau had activities related to loan sharking.

After a period of collecting documents, the authorities have now arrested Giau and seized many documents related to illegal lending activities.

Authorities read the arrest warrant for Nguyen Giau (white shirt in the middle)

Initially, the police determined that from September 2021 until the time of his arrest, Giau had lent money to many people in the form of installment loans with interest rates ranging from 121.67% - 456.25%/year. Using this method, Giau illegally profited more than 110 million VND.

Currently, the Hue City Police Investigation Agency is continuing to consolidate the case file and handle Nguyen Giau in accordance with the law.

Through the incident, Hue City Police recommend that people absolutely do not borrow money through leaflets, advertisements, quick loan applications... to avoid being involved in loan sharking lines, being threatened and mentally terrorized by creditors.

Source link: https://thanhnien.vn/tphue-bat-nghi-pham-cho-vay-nang-lai-len-den-450-nam-185230608190045357.htm