Phung Ngoc Thu, 27 years old, set up an installment loan line with an interest rate of 324%/year in Ho Chi Minh City, Vietnam.
He and a group of people sprayed paint and threatened to beat them if they were late in paying interest or principal.
Thu, Phuong and 4 other people were arrested by the Tan Binh District Police, Ho Chi Minh City, for the acts of lending at high interest rates in civil transactions, Property Appropriation and Property Destruction.
Ho Chi Minh detective – Thu and Phuong contributed capital to set up a loan line in Binh Tan, Tan Phu, Tan Binh and District 12, Ho Chi Minh City.
If the borrower is late in repaying the loan, Thu and a group of people will threaten and terrorize him.
In the early morning of October 1, 2023, the house on Bau Cat Street, Ward 12, Tan Binh, City was splashed with paint, shrimp paste…
Investigating the incident, the police discovered that Thu’s group had carried out this incident.
The investigation agency is expanding the case, private detective Vietnam 2023.