Destroyed a ‘black credit’ line that loaned nearly 4,000 billion VND, earning a profit of more than 600 billion VND

According to initial investigation results, through professional work and crime reports, District 4 Police discovered that the case of “Loaning at high interest rates in civil transactions” is an organized and large-scale operation. “hiding in the shadow” of pawnshop and financial consulting services. The Board of Directors of CATP has directed District 4 Police to establish a specialized project to concentrate forces and measures to verify, investigate, and identify all subjects and tricks of the operation.

Persistent in pursuing and simultaneously deploying professional measures, the Police Investigation Agency of District 4 Police determined that the activity “Lending high interest rates in civil transactions” occurred at TM24H Company and Company ATM Online Company through an illegal online consumer loan website. Both of the above companies operate under the management of Do Minh Hai (born 1985; permanent residence: Ward 22, Binh Thanh district); operating together at 261 – 263 Phan Xich Long, Ward 2, Phu Nhuan District.

To manage and operate, Do Minh Hai hired Tran Dinh Trien (born 1974; permanent residence: Ward 1, Phu Nhuan District) – Director, legal representative of 24H Trading Company, Verevkin Vladimir (Russian nationality, born in 1990; current residence: Thao Dien ward, Thu Duc city) – Regional Director in Vietnam; Nguyen Thi Thuy Diem (born 1982; permanent residence: Long Khanh city, Dong Nai province) – Director of operations; Do Thi Minh Hieu (born 1993; permanent residence: Duc Trong district, Lam Dong province) – Loan appraisal and consulting team leader.

The high-interest lending activity in civil transactions led by Do Minh Hai and his accomplices is large-scale, closely organized, and assigns specific tasks to each director, department head, and manager. departments, team leaders and employees at each stage from recruitment, personnel training, financial receipts and expenditures, marketing, customer care, early debt reminders, and overdue debt collection.

To commit and conceal crimes, subjects operate in the “shadow” of financial consulting businesses and pawnshop services; Using high technology to conduct online lending activities and store customer records on the internet; not operating at the registered business address; Establishing bogus mortgage loan contracts, consulting contracts, and asset mortgage contracts (with the content of subleasing the mortgaged assets) to divide the interest rate into a basic interest rate of less than 20%/year , consulting service fees, service fees, platform fees, asset mortgage fees of more than 80%/year, thereby “swapping concepts”, evading detection and handling by law enforcement agencies during the period. long time.

Initial statistics show that the total disbursement amount of this line is 3,958,150,272,299 VND (nearly 4,000 billion VND), the total amount collected is 4,627,698,174,867 VND (more than 4,600 billion VND) out of a total of 738,933 visits. get a loan. This is an organized crime group led by foreigners in collusion with Vietnamese subjects, operating transnationally to gain exceptionally large amounts of money.

On March 26, 2024, the Police Investigation Agency of District 4 issued a decision to prosecute a criminal case, prosecute the defendant, arrest the defendant for temporary detention, and ban him from leaving his place of residence. Do Minh Hai, Tran Dinh Trien, Verevkin Vladimir, Nguyen Thi Thuy Diem and Do Thi Minh Hieu.

Currently, the Police Investigation Agency of District 4 Police is consolidating evidence, expanding the investigation, identifying and clarifying the roles of all related subjects, and strictly handling them according to the law.