Specifically, the local police on the morning of March 04 performed an unannounced inspection at the apartment on Hoa Binh Street, Tan Phu District, where they apprehended seven suspects and seized 51 high-interest loan documents.
The Vietnamese arrestees were led by Nguyen Binh Tuan who ran a money-lending service through Facebook called "Homebank" with absurdly high interest rates.
Members of the gang in police custody
Specifically, the local police on the morning of March 04 performed an unannounced inspection at the apartment on Hoa Binh Street, Tan Phu District, where they apprehended seven suspects and seized 51 high-interest loan documents.
The Vietnamese arrestees were led by Nguyen Binh Tuan who ran a money-lending service through Facebook with absurdly high interest rates.
Items found at the scene
According to testimonies, Tuan and his gang members would verify the home address of any borrower and take their ID card, household book and other important documents as security. The sum is then wire transferred to the borrower and interest is collected every day.
The incident is under further investigations.
