Colonel Nguyen Thanh Long, Deputy Director of Quang Nam Provincial Police, on November 22, informed that the force had searched Mirae Asset Finance Company Limited, located at Nguyen Van Troi Street in Tam Ky City of Quang Nam Province.
According to initial information from the reports of local people and findings, the Quang Nam Provincial Police conducted a search at Mirae Asset Company at noon on November 21. The search warrant was made because this company was related to a report of loan sharking.
Through the search, the police seized many documents and continued to fight, take statements, and classify 150 people as employees of the company.
Previously, units of the Ho Chi Minh City Police Department, on November 4, administratively inspected the office of Mirae Asset Finance Company Limited, located at Building H3 in Hoang Dieu Street in Ward 6 of District 4.
During the investigation, the police determined that Mirae Asset Vietnam Finance Company Limited is a foreign company headquartered in Vietnam in District 1, HCMC, led by L.J., a Korean national, as General Director. This company is licensed by the State Bank of Vietnam, with lending functions, including installment and consumer loans. Since August 1, 2016, the company has rented an office on the fourth floor of the H3 Building at No.384 Hoang Dieu Street in Ward 6 of District 4 for debt collection activities.
Borrowers must provide personal information and information about relatives when signing a loan contract with the company. Borrowers must pay interest rates from 4.58 percent per month, equivalent to 55 percent per annum, in the form of monthly installments.
When it is time for repayment, the debt collection department will divide customers according to the debt duration.