Nearly 1 million accounts borrow money through the app of the transnational black credit line

Regarding the above transnational black credit line, the authorities have clarified that the leader is Nguyen Quang Vu (SN 1987, in Cam Xuyen district, Ha Tinh province) and a Chinese man named Zhang Min. (SN 1986, Chinese nationality). This line has been operating since 2019, hiding in the shadow of a pawnbroker company.

This target group uses high-tech apps (applications) to operate high-interest loans and black credit. Customers in need only need to access 3 loan apps set up by Vu’s team and log in with personal information such as full name, address, year of birth, workplace, and phone number…

Before lending, the subjects verify the customer’s profile. Those who provide accurate personal information or work in state agencies, the easier it is to get a loan. And for customers with low credibility, the amount will be less.

On average, each customer can borrow from 2-30 million, “VIP” accounts can borrow many times more.

The computer was seized by the police.

When the customer is late or does not pay the loan, Vu and the Chinese will distribute the documents to the staff to collect the money. At the same time, the subjects collected “interest on overlap” up to more than 2,000%/year.

Debt collectors will remind by phone, even take the borrower’s contacts to call, crop pictures to send to relatives, friends or post on social networks to exert pressure.

The investigation agency initially clarified that the total amount of the loan line was up to thousands of billion VND, about 100 billion VND per month. In addition, there are nearly 1 million loan accounts through this group’s app.

Previously, on May 24, the Criminal Police Department (Hanoi City Police) coordinated with the Criminal Police Department and professional units to dismantle the cross-border loaning and debt collection ring. family.

At 7 locations in 3 provinces of Hanoi, Vinh Phuc and Thai Nguyen, the working group brought 300 objects and exhibits to the headquarters of the investigation agency for clarification. Among these subjects are foreigners.

Currently, the authorities have arrested all the subjects in the line and are classifying and clarifying their behaviors to handle according to regulations.

According to Thanh Ha