Two loan sharks were tried

Two loan sharks were tried

Ha Tinh People's Court fined Tran Xuan Dung (39 years old), Nguyen Duc Tuan (30 years old) with a sentence of 9 and 6 months in prison on charges of lending usury in civil transactions.



Defenders Dung (left) and Tuan in court. Photo: Duc Hung

Defenders Dung (left) and Tuan in court. Photo: Duc Hung



On August 28, August 8 verdict, Dung opened a black pawn and credit facility in Loc Ha district (Ha Tinh) and recruited Tuan to be an employee. Dung's facility lends at an interest rate of 109.5% per annum or a loan of one million dong of principal each day pays 3,000 dong of interest. The upper interest rate is 5 times higher than the maximum level in civil transactions.



Dung's facility lends eight people hundreds of million dongs and illegally earned nearly 150 million dong. By the end of 2018, this black credit business was destroyed by Ha Tinh Police.



The two defendants were convicted under Article 201 of the 2015 Penal Code.



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