(HBO) – There are 1,153 business establishments subject to security and order conditions in Hoa Binh province. Of them, 106 establishments are pawnshop and 128 others are car and bike-rental service providers and financial consultants that pose potential risks of social disorder and legal violations.


An investigator of Hoa Binh police reads a warrant of individuals who engaged in "black credit” activities in Lac Son district.

"Black credit” refers to a practice of borrowing from individuals at high interest rates agreed on between borrower and lender, without collateral and with only the borrower’s signature. 

Black credits activities in the province are highly sophisticated and complicated, are disguised in various forms, resulting in an increase in crimes like illegal arrest and asset deterioration.

From April 2017 to December 2018, the provincial police received and handled 36 pawn service and "black credit” cases, including four illegal arrests, nine intentionally causing injury cases, one asset extortion case, two asset destruction cases, and eight moral threatening.

Local competent authority commenced criminal procedures against five cases involving 15 people, busted two groups with 12 people for illegally capturing people as part of their foreclosure measures.

According to Lieutenant Colonel Bui Duc Thinh, deputy head of Hoa Binh city police, besides pawnshops, usury activities are now popular at many business establishments that offer bike and car rental services and financial services.

The loan sharks hire a group of ruffians to create pressure on borrowers to pay back the money, affecting the borrowers’ safety. 

Most of the borrowers are those who lead a life of debaucher or are eager for ill-gotten gains by borrowing for lending to enjoy interest rate differences.

Last year, the province had five intentionally causing injury cases and one public order disturbance case./.


 

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