Foreigners run websites, 3 loan shark companies with interest rates up to 1,300%

SGGPO 06/17/2023 20:36

During the investigation into the case of many companies operating "black credit" illegally profiting more than 4,100 billion VND, the police arrested a foreigner.

Police execute decision to prosecute and temporarily detain Aigars Plivčs

On June 17, the Ho Chi Minh City Police Department of Investigation executed the decision to prosecute and order the temporary detention of Aigars Plivčs (Latvian nationality, born in 1985, residing in Thu Duc City) for the crime of "Lending high interest rates in civil transactions".

Foreigners run websites, 3 companies lend money at high interest rates up to 1,300% photo 1

Police execute decision to prosecute and temporarily detain Aigars Plivčs

Previously, on May 26, hundreds of officers and soldiers of the Ho Chi Minh City Police Department simultaneously inspected many locations of "black credit" activities disguised as businesses such as: Digital Credit Trading and Service Company Limited; Fincap VN Company Limited and Sofi Solutions Company Limited.

During the search, the police seized many exhibits serving lending activities. The investigation determined that the above companies were hiding behind pawnshop and financial consulting services to operate high-interest lending activities through the websites tamo.vn and findo.vn.

Foreigners run websites, 3 companies lend money at high interest rates up to 1,300% photo 2

Foreigners run websites, 3 companies lend money at high interest rates up to 1,300% photo 3

Foreigners run websites, 3 companies lend money at high interest rates up to 1,300% photo 4

Police searched the suspects' homes on May 26.

From April 2019 to April 2023, through the above 2 websites, 3 companies disbursed more than 2 million loans, totaling more than 6,072 billion VND, illegally profiting more than 4,123.4 billion VND, with the lowest interest rate being 153.2%, the highest being 1,289.67%, from 7 times to 64 times higher than the highest interest rate prescribed in the Civil Code.

On May 28, Ho Chi Minh City Police initiated a case, prosecuting 9 defendants, including directors, department heads, division heads, and group leaders of Digital Credit Trading and Service Company Limited; Fincap VN Company Limited and Sofi Solutions Company Limited, for the crime of “Lending at high interest rates in civil transactions”.

During the extended investigation, the police determined that Aigars Plivčs was the operator of the above 2 websites and 3 companies, so they proceeded to search and arrest him.

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