Prosecution of the boss who ran 6 loan shark companies in Ho Chi Minh City

Today, June 26, the Investigation Police Agency (IPA) of Ho Chi Minh City Police prosecuted and temporarily detained Maksim Zubkov (41 years old, Russian nationality) for the crime of "Lending high interest rates in civil transactions".

Police Investigation AgencyHo Chi Minh Cityserving the decision to prosecute the accused and executing the arrest warrant against Maksim Zubkov

Through investigation, the police agency determined that Maksim Zubkov was the person who operated all the activities of 6 companies including: Phuc Loc Tho Company Limited, Gofingo Company Limited, Infobot Company, Infinity Company, Solution Lab Company and Bao Tin Kim Long Company, to lend money through websites. The interest rate that these companies lent money, the lowest was 183%/year, the highest was up to 2,555%/year.

As informed, in early March 2023, the Criminal Police Department - Public SecurityHo Chi Minh CityIn coordination with Binh Thanh District Police, they conducted administrative inspections of the above 6 companies. All companies are headquartered on the 7th, 8th, and 11th floors of Thuy Loi 4 Building, 102 Nguyen Xi Street, Ward 26, Binh Thanh District.

It is worth mentioning that all 6 companies have registered business lines such as pawn services, management consulting... however, they all have the same organizational structure and employees working together.

The police have prosecuted 22 people, including directors, team leaders, employees... of 6 companies.

Companies disguise themselves as pawnshops, but in fact organize illegal consumer credit lending online through websites such as: senmo.vn, thantaioi.vn, caydenthan.vn...

Police have detained a number of people at the above 6 companies and sealed many machines and documents related to illegal credit activities.

According to the investigation, 6 companies have a very large-scale operating model, dividing specific tasks such as: advertising, searching for customers; loan consulting, guiding borrowers on online lending websites; checking and verifying borrower information; loan approval, debt collection...

From the collected records, the police conducted a preliminary investigation of 42 borrowers with 247 transactions that had completed civil procedures. Thereby, it was determined that the group of borrowers with the lowest interest rate for a transaction was 183%/year, the highest for a transaction was 2,555%/year (10 - 128 times higher than the highest lending interest rate in civil transactions according to the provisions of the Civil Code), illegally profiting more than 442 million VND.

First step, PoliceHo Chi Minh Cityprosecuted 22 people, including directors, team leaders, employees... of the above 6 companies, for the crime of "loan sharking in civil transactions".

During the investigation, the police determined that Maksim Zubkov was the boss, running all activities of the 6 companies, so they prosecuted and temporarily detained him for the same crime.

According to Vietnamnet