Loan 150 million, interest 750,000/day, black credit line arrested

On May 30, the Mong Cai City Police said that they had just detained two subjects, Nguyen Van Cong (SN 1993) and Nguyen Van Tuyen (SN 1998, both residing in Dai Ban commune, An Duong district, Hai Phong city). on the act of lending heavy interest in civil transactions.

Accordingly, the two lead a money lending line in the form of “loan with interest” and “loan with interest on installments” and charge high interest rates from 5,000 VND to 7,000 VND/1 million/day. Borrowers have to put together documents such as CCCD, household registration book, motorbike and car registration certificate to make trust.

At 9 p.m. on May 25, the Criminal Police Team coordinated with the Ka Long ward police to conduct an administrative inspection at You & Me cafe (zone 4, Ka Long ward) and discovered that Cong was collecting acts from Ms. PBN (SN). 1989, residential area 2, Hoa Lac ward) the amount of principal and interest is more than 23 million VND in a loan package of 150 million VND (7,000 VND/day).

Emergency search of Cong and Tuyen’s residence in zone 4, Hai Hoa ward, functional forces seized a number of objects and properties related to criminal activities.

The police of Mong Cai City have issued an order to arrest people in an emergency, an order to arrest people in an emergency. At the same time, issued a temporary detention decision for Nguyen Van Cong and Nguyen Van Tuyen.

Pham Cong