Director of Danang Police Office tells the story of dismantling a loan-sharking ring worth VND 9,000 billion

On January 31st, Major General Vu Xuan Vien, Director of the Danang City Police Department, shared some information about the process of dismantling a large-scale loan-sharking ring worth 9,000 billion Vietnamese dong, led by a foreign national.

0
69

Through investigation and monitoring, the Police Department of Da Nang City has discovered 3 large-scale heavy lending apps and directly reported to the Ministry of Public Security. The Ministry of Public Security has instructed the Criminal Police Department and local police forces to join the operation.

Major General Vu Xuan Vien stated that this heavy lending network has lent money to about 1.3 million people with more than 2 million loans. There are more than 10 publicly recruited enterprises operating for this network. The total number of arrested individuals is 193, including 2 foreign leaders.

In Da Nang, the perpetrators rented high-rise buildings in the city center as their headquarters. The high-rise buildings were equipped with an intelligent access control system, using smart cards to restrict entry.

Major General Vu Xuan Vien recounts the process of dismantling the heavy lending network worth 9,000 billion VND

Due to the large scale of this criminal network, the leaders of the Ministry of Public Security and the Criminal Police Department directly instructed the forces to simultaneously raid locations in Ho Chi Minh City, Binh Duong, Da Nang…

“After giving orders, the police forces entered, and it was not until then that the perpetrators became aware. This demonstrates the excellence of the police force’s expertise. The police arrested the individuals on the spot and seized all documents. After classification, 27 individuals were prosecuted,” Major General Vu Xuan Vien said.

The Director of the Da Nang Police Department also stated that this network has lent a total of 9,000 billion VND from the end of 2022 to the end of 2023, but the perpetrators have profited 5,200 billion VND.

The individuals involved in the large-scale heavy lending network have just been wiped out.

On January 23, Lieutenant General Nguyen Duy Ngoc, Deputy Minister of Public Security, sent a commendation letter to the Director of the Da Nang Police Department for the success in dismantling this heavy lending network.

Along with acknowledging the achieved results, Lieutenant General Nguyen Duy Ngoc also requested that the Da Nang Police Department continue to expand the investigation of the case, urgently consolidate the documents and evidence of the case for the strict handling of the individuals according to the provisions of the law.

As reported by Tien Phong, through monitoring and surveillance, the Criminal Police Department of Da Nang City discovered that some people were borrowing money online through large-scale apps with interest rates of over 500% per year. In November 2022, the Da Nang Police launched a mission to dismantle this network.

On the morning of January 11, the Criminal Police Department of Da Nang City and the Criminal Police Department (Ministry of Public Security) with the coordination and support of several units mobilized over 250 officers and soldiers to conduct searches at 9 locations in Ho Chi Minh City and Binh Duong province. As a result, hundreds of individuals in the heavy lending network organized by Wang YunTao (born in 1988, Chinese nationality) were arrested on the spot.

SOURCEcafef
Previous articleJanuary 31: Foreign investors have an extraordinary net buying of over 1.2 trillion Vietnamese dong
Next articleNam A Bank introduces “Ready Limit – Business Breakthrough” promotion