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Lenders with ‘exorbitant’ interest rates up to 365 %/year arrested

From February to now, Vu has lent many people from 5 to 40 million VND. Borrowers have to pay Vu the interest rate from 283% to 365 %/year.

On the evening of May 15, the Hue City Police (Thua Thien – Hue) said that it had just decided to temporarily hold Le Thien Vu (26 years old, residing in Tan Phong town, Quang Xuong district, Thanh Hoa, currently renting a temporary house in Hanoi). Vincoland Apartment, Xuan Phu Ward, Hue City) about behavior Lending heavy interest in civil transactions.

According to the police, at the end of February, Vu entered Hue City with the purpose of looking for work. Here, knowing that many people need to borrow money without collateral, Vu has arisen to lend money to others with high interest rates.

Lenders with exorbitant interest rates up to 365 %/year arrested-1
Le Thien Vu at the police office.

From February to now, Vu has lent many people from 5 to 40 million VND. Borrowers have to pay Vu an interest rate ranging from 283% to 365 %/year.

Through initial investigation, many borrowers of Vu are living in many rural areas in Thua Thien – Hue. The investigation agency of Hue City Police is continuing to investigate and expand the case.

According to the People’s Public Security

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