Ho Chi Minh City police have arrested five individuals involved in lending money through simple, quick procedures that do not require collateral, and seized numerous pieces of evidence.
During her time as an official of the People's Committee of Van Son commune (Trieu Son district, Thanh Hoa province), Ms. Nguyen Thi Nga engaged in usurious lending practices in civil transactions.
To conceal their illegal activities, many individuals in Quang Xuong (Thanh Hoa) use social media platforms like Zalo and Facebook to send messages managing loan transactions and debt collection.
Twenty-two individuals, including directors, managers, and employees from various companies in Ho Chi Minh City, have been prosecuted for usury in civil transactions, charging interest rates ranging from 183% to 2.555% per year.
Difficulty in accessing and meeting the eligibility requirements for interest rate support packages has forced many businesses to resort to "black market" loans with interest rates as high as 46,5%.
A group of individuals in Gia Lam, Hanoi, posted obituaries with the victim's information and threw a mixture of lubricating oil and paint at the debtor's house as a form of intimidation to extort money.
Tran Van Chau and the other defendants are accused of exploiting the name of Phap Viet Law Firm to engage in debt collection activities for banks and financial companies.
Nguyen Thi Kim Dung (born in 1978, residing in Hanoi) opened an airline ticket agency as a cover for operating a usurious lending business in the form of "boc bat ho" (a type of informal lending) with an interest rate of 182,5% per year.
From April 2018 to the present, Nguyen Van Dinh (from Quang Ninh) lent money to 874 people at interest rates of 180% - 360% per year, earning nearly 300 billion VND in illicit profits.
A group of lenders charging exorbitant interest rates of up to 304% per year was caught red-handed by the Hai Chau District Police (Da Nang City).
The Dong Nai Provincial Police have initiated legal proceedings against Nguyen Thi Cam Tuyen (the "Hai") and 15 accomplices in the case involving the detention of numerous girls and their forced nude photos used to blackmail them.
Ms. Tran Kim Yen, Chairwoman of the Vietnam Fatherland Front Committee of Ho Chi Minh City, predicted that illegal lending will be rampant from now until the end of the year, creating a sense of insecurity among the people.
Ho Chi Minh City police have released information about the tactics used by Power Law Limited Liability Company (An Phu Dong ward, District 12) to manipulate sensitive photos for debt collection.
On December 1st, the Ho Chi Minh City Police held a press conference to provide information about the defamation case aimed at debt collection that occurred at Power Law Limited Liability Company (An Phu Dong Ward, District 12).
According to Ho Chi Minh City Chairman Phan Van Mai, online loan sharking scams are causing public outrage, with even officials in the City People's Committee office receiving threatening and harassing phone calls.
According to the Ho Chi Minh City Police, Mirae Asset Finance Company Limited exploited social media, manipulated images, and slandered borrowers to tarnish their reputations in order to collect debts.
The Hai Duong Provincial Police have just initiated legal proceedings against 14 defendants for investigation into usurious lending practices occurring in districts and towns within the province and some neighboring provinces and cities.
Phuong "Nho" and her accomplices lent hundreds of millions of dong to customers under the guise of "overseas labor export" contracts, "unsecured loans," etc., with exorbitant interest rates.
According to a review by the Ho Chi Minh City Police, there are currently more than 200 online lending applications led by foreigners, operating in close collaboration with domestic individuals.
Ngày 12/10, Công an tỉnh Bình Phước đồng loạt triển khai lực lượng, triệt phá thành công 10 nhóm tín dụng đen cho vay với lãi suất lên đến 1.460%/năm.
Major General Le Hong Nam, Director of the Ho Chi Minh City Police, requested that professional units intensify the crackdown on crime, especially crimes related to "loan sharking".
Flexible payroll models include allowing employees to receive salary advances when needed to avoid high-interest loans or predatory lending practices.
Minister of Public Security To Lam emphasized the need for thorough and strict handling of cases related to "loan sharking" activities.
Many people are willing to mortgage their iPhone's iCloud account to borrow money.
Despite the pleas of Mrs. Nguyen Thi Thanh (78 years old), residing in Long Thuan hamlet, Long Tri commune, Chau Thanh district, Long An province, the gang of thugs continued to smash her belongings until everything was completely destroyed before leaving.
As a union official at New Apparel Far Eastern Vietnam Co., Ltd., Ms. Tran Thi Toan was threatened by loan sharks because the company's workers were involved in illegal lending practices.
According to the Hai Duong Provincial Police, from 2017 to the present, Le Van Hieu has lent money to 983 customers, totaling over 15 billion VND, with interest rates ranging from 109,5% to 182,5% per year.
"Bald Quân" – a notorious gangster in Hanoi – was finally apprehended when the Criminal Police Department launched a special investigation with its most experienced detectives joining the team.
From December 1, 2020 to the present, Ho Chi Minh City police have handled 347 cases of throwing dirty substances and making threatening phone calls related to "loan sharking" activities.
Taking advantage of loopholes in the management of Central Psychiatric Hospital No. 1, Kieu Van Tien escaped to run a loan sharking ring.
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