Bank staff offer high interest rates of up to 1,800% per year to female entrepreneurs

A bank employee connects with a social audience and brings a businesswoman into the city. HCM’s borrowing interest rate is 150%/month, which is equivalent to 1,800%/year. Finance and Banking Bank staff offer businesswomen high interest rates of up to 1,800%/year Minh Nguyet • {Published Date} Bank staff contacted society to lend money to businesswomen in the city. HCM’s borrowing interest rate is 150%/month, which is equivalent to 1,800%/year.

December 31, Criminal Police Bureau-Municipal Public Security Bureau. Ho Chi Minh City said it had just launched two specialized projects to dismantle two loan shark gangs operating in the area.

In particular, the police arrested four people from the criminal gang headed by Ruan Honglong (27 years old, living in District 6).

According to the investigation, Nguyen Hong Long raised his children such as: Ha Ngoc Thinh (24 years old), Luu Thanh Tuan (20 years old), Le Van Hieu (46 years old)… The salary paid is one million VND/person/person for 8 to 10 years old. Monthly, perform debt collection duties. The Long gang was identified as a loan shark, with interest rates as high as 540% per year.

When customers failed to pay interest on time, Long directed his “little brother” to send threatening text messages; use paint mixed with shrimp paste and mud to pour into customers’ homes. If the customer continues to fail to repay, Long will ask his “little brother” to go to the debtor’s relatives or neighbors’ homes to threaten and intimidate him to collect the debt.

The police found out that Long’s gang spray-painted and raped the property of many people in the Sixth District and many districts in the city. HCM from 2022 to present. The group made billions of dong in profit.

In another case, the criminal police department cleared up a loan sharking case involving a bank employee.

Specifically, Nguyen Thi Ngoc Yen, 33, is a loan officer at a bank in the city. Hypertrophic cardiomyopathy. In the course of work, Yen hooked up with Tieu Tran Quoc Huy (34 years old, living in Dong Thap Province) to provide a loan of more than 10 billion VND to a businesswoman named H. The police clarified that the interest rate of this loan was 150%/month (equivalent to 1,800%/year), and Yen and Huy illegally made VND 3 billion from Ms. H.

Police arrest Yen and Huy to investigate “civil transaction high-interest loans”

Currently serving in the Criminal Police Bureau of the Municipal Public Security Bureau. Ho Chi Minh City is expanding the scope of investigations into the above two projects.

>> Pekan Provincial Police arrested Tuan “Keng” on charges of lending money at high interest rates, nine times higher than the allowed rate.