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Tag
loan sharks
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Unemployed workers swim with hungry loan sharks
Vietnamese workers who lose their jobs often find themselves penniless and unable to obtain bank loans. They’re easy prey for loan sharks.
Chinese arrested for running usury ring charging 2,000 pct yearly interest rate
A Chinese man and six others were arrested on charges of usury, Hanoi police said Thursday.
Chinese loan sharks charging extortionate interest jailed
A HCMC court Tuesday sentenced two Chinese men and three Vietnamese nationals to 1-1.5 years in jail for running a loan racket charging yearly interest of 912.5 percent.
August 18, 2020 | 06:42 pm PT
Chinese loan sharks infest Vietnam credit waters
Vietnamese police are investigating a rising number of foreign loan sharks, mostly Chinese, targeting low-income workers in urgent need of money.
June 9, 2020 | 05:07 pm PT
HCMC police probe Singapore firm for usury
Two HCMC-based companies owned by a Singapore group are being investigated following reports their Vietnamese managers lent money at unreasonably high interest rates.
June 5, 2020 | 06:00 pm PT
Chinese loan sharks caught charging monthly interest of 90 percent
Two Chinese nationals and three Vietnamese accomplices running a $4.26 million loan racket charging 90 percent monthly interest were arrested in HCMC Monday.
April 21, 2020 | 05:30 am PT
Loan shark violence rising in Saigon: police
HCMC police say the recent terrorizing attack on a popular noodle soup restaurant was not an isolated incident.
August 18, 2019 | 05:07 pm PT
Five suspects arrested for vandalizing Saigon pho shop
HCMC police Monday detained five male suspects for a series of ‘terrorizing’ attacks on a popular pho restaurant.
August 5, 2019 | 06:59 am PT
Australia jails two Vietnamese cannabis crop-sitters
An Australian court sentenced two Vietnamese ‘crop-sitters’ working for hundreds of cannabis plants on Friday.
May 3, 2019 | 10:29 pm PT
State Bank of Vietnam seeks to take on loan sharks
Mai Thanh Hung used to be the director of a home decor production company in Hanoi, but in 2013 its revenues collapsed.
December 9, 2018 | 05:00 pm PT