Police inspect Shinhan Finance Company in Ho Chi Minh City.

On May 19th, the operational teams of the District 1 Police (Ho Chi Minh City), in coordination with the police of several wards, conducted an inspection at Shinhan Vietnam One-Member Limited Liability Financial Company, headquartered in the 33-story building at 37 Ton Duc Thang Street, Ben Nghe Ward, District 1.

Police from District 1 inspect Shinhan Financial Company. Photo: Linh An

From morning till afternoon, police and local forces were present at the building. A task force entered to conduct an investigation and inspection inside. The police recorded statements from several employees and managers of Shinhan company.

According to information from the District 1 Police, this was a routine administrative inspection of financial companies operating in the area, not a search. Shinhan Financial Company's operations include unsecured loans and consumer loans, which is why the police conducted the inspection.

Currently, under the direction of the Ministry of Public Security , the police in Ho Chi Minh City and other provinces and cities nationwide are focusing on combating illegal lending, including many groups involved in usurious lending, debt collection, and debt trading... operating under the guise of financial companies and law offices.

Since the beginning of the year, Ho Chi Minh City police have dismantled numerous criminal gangs and prosecuted dozens of people involved in usurious lending in civil transactions and extortion.

Source: https://vietnamnet.vn/cong-an-kiem-tra-cong-ty-tai-chinh-shinhan-o-tp-hcm-2145088.html