Chinese woman gets 15-year jail term for involvement in loan shark racket in Vietnam
She got the highest sentence among the 135 defendants
She got the highest sentence among the 135 defendants
The Ukrainian mastermind behind this racket already fled the country
Borrowers were asked to pay interest rates of more than 500 percent per year
He made illicit gains of close to VND2.3 billion ($94,826)
A group of Chinese colluded with several Vietnamese people to operate the ring and made illegal gains of over VND8 trillion (US$339 million)
He was caught managing and operating six loansharking firms
The lending businesses under the ring were found to have offered annual interest rates at the minimum of 401.5 percent and at the maximum of 1,379.7 percent
The ring charged interests of up to 365 percent a year
The two groups of illegal lenders had lent their money to nearly 500 people from April to August 2020
Two Chinese citizens and three Vietnamese were arrested
The man had disguised his usury business as a credit firm