Eliminate the “exorbitant” interest rate lending line in Dak Nong

On March 18, the Criminal Police Department, Police Department of Dak Nong Province said that the Investigation Police Agency had made a decision to prosecute the case and prosecute the accused Pham Thi Huyen (SN 1986) and K’Krang and his wife. (SN 1965), H’Do (SN 1970), both reside in Dak G’long district to investigate and clarify the behavior of lending heavy interest in civil transactions.

Investigating agency working with suspects

According to initial information, at the beginning of 2020, Huyen started lending activities (short-term and long-term) with high interest rates from 4,000 VND/1 million/1 day to 6,000 VND/1 million/1 day (equivalent to 1 million VND/day). interest rates from 144%/1 year to 216%/1 year).

Huyen’s loan sharking activities focus on ethnic minorities, who lack understanding and have difficulty in funding but have a lot of arable land.

When people did not have money to pay their debts, they had to sell their land to pay debts to Huyen.

In June 2020, Huyen hooked up with husband and wife K’Krang and H’Do (who are neighbors with Huyen) to find a lender with an interest rate of 4,000 VND/1 million/day.

When the customer repays the debt, Huyen will deduct part of the profit for K’Krang and his wife.

According to the investigative agency, from the beginning of 2020 to February 2022, the subjects lent to people over 300 times with the amount of more than 30 billion VND, earning illicit profits of over 3 billion VND.

D.Nguyen