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Catching the “tycoon” of pawns for nearly a thousand borrowers with “exorbitant” interest rates

Wednesday, April 27, 2022 21:00 PM (GMT+7)

Initially, the police agency determined that by the time of arrest, the pawn gang led by Hieu had loaned 983 customers a total amount of over 15.4 billion VND at an exorbitant rate.

On April 27, Hai Duong Provincial Police said that the investigative police agency of Hai Duong province had just issued a decision to prosecute the case, prosecute the accused, and arrest Le Van Hieu (SN 1991) and Pham Binh Duong. Minh Tuan (SN 1990), residing in Duy Tan ward (King Mon town, Hai Duong province) to investigate the act of “Lending heavy interest in civil transactions”, with an initial amount of over 15 billion.

Catch "boss"  pawn for nearly a thousand borrowers with an exorbitant interest rate "  - first

Le Van Hieu confessed at the police station.

Previously, through image capture, Hai Duong Provincial Police discovered that there were a number of subjects operating “black credit” with sophisticated tricks. In which, especially emerging are 2 subjects of heavy interest loans in Duy Tan ward (King Mon town) including Le Van Hieu and Pham Minh Tuan.

Focusing on the investigation, based on the collected documents, the Hai Duong Provincial Police had enough evidence to prove the crimes of Hieu and Tuan. On April 3, the subjects were arrested by the functional forces to serve the investigation.

The survey results show that since 2017, the target group has been active. In which, Hieu plays the leading role and takes control of the “black credit” gang, while Tuan is the person who directly conducts lending activities with “exorbitant” interest rates.

At first, Hieu opened a pawn shop and was granted a business license in the Green market area (Duy Tan ward, Kinh Mon town). After a while, this subject closed the pawn shop, bought an account on the pawn management software and switched to usury activities; At the same time, he hires Tuan to enter the borrower’s data into the account and collect interest.

When checking the subject’s account on the pawn management software, the police initially determined that by the time of his arrest, Hieu had lent a total amount of over VND 15.4 billion to 983 customers.

Borrowers are mainly family members, friends, people living in Duy Tan ward and neighboring wards. Loan interest rates ranged from 1,000 VND to 5,000 VND/1 million/1 day (equivalent to 109.5 % to 182.5%/year), the amount of interest that Hieu collected was over 6.1 billion VND.

The case is currently being investigated by the police to clarify and complete the dossier to handle the group of subjects according to regulations. law.

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