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Ninh Giang police prosecute loan sharks

PV January 30, 2024 16:28

Ninh Giang District Police (Hai Duong) has just clarified that Vu Duy Truong in Tan Quang Commune lent money at interest rates of 146 - 365%/year.

Subject Truong at the police station (photo provided by the police station)

Ninh Giang District Police discovered that Vu Duy Truong (born in 1990, residing in Hoi Xa village, Tan Quang commune, Ninh Giang) lent money to many people in the district at interest rates exceeding the State's regulations.

Through investigation, the police initially determined that from October 13, 2022 to April 2023, Truong lent 5 people a total of nearly 183 million VND, with an interest rate of 146% - 365%/year. Truong illegally profited from this about 77 million VND.

The Investigation Police Agency of Ninh Giang District Police has decided to prosecute the accused Vu Duy Truong for the crime of lending at high interest rates in civil transactions and continue to investigate and clarify the case.

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