Illegal profit of 500 million VND from lending

According to the investigation from the authorities, the young man named Nam, resides in Bai Son commune, Do Luong district, Nghe An, Vietnam. This person is being investigated by the police and held in criminal custody for loan sharking.

Nam gave loans to many people with a total of 3 billion dong. The interest rate that Nam requested is 4,000 – 5,000 VND/million/day.

If the borrower does not pay, Nam uses a spam sim to call, curse and post information on social networks to threaten to exert pressure.

Nam requested to pledge and transfer the property to clear the debt.

15 policemen arrested Nam to search his residence and collected 3 notebooks and loan papers. The case is continuing to be investigated and clarified