(PLO)- The defense lawyer for the defendant said that it is necessary to clarify the behavior of high interest loans in civil transactions between the accused and the victim in the case.
On February 13, the People’s Court of Kon Tum province opened a first-instance trial for two defendants Tran Thi Hoang Diem (45 years old) and Vo Thi Ngan (33 years old, living in Dak Glei district, Kon Tum) for fraud. appropriation of property.
At the end of the trial, the jury sentenced defendant Tran Thi Hoang Diem to life in prison, defendant Vo Thi Ngan to 17 years in prison.
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The two defendants in court. Photo: DN. |
According to the indictment, in 2015, Diem established Ha Nguyen One Member Company Limited (in Dak Glei district) so that Ngan (sister-in-law) was the director. The company suffered losses for many years and had to borrow money from many places with high interest rates. In 2017, Diem heard that he was a high-profit beer agent, so he registered to supplement the business of trading alcoholic and non-alcoholic beverages for the company.
Due to the lack of money for business, Diem and Ngan continued to borrow high interest rates from many other people to both maintain their business and use this money to pay interest on previous loans. Diem and Ngan also think of another form of capital mobilization, which is to receive a deposit to buy beer in large quantities, at a price lower than the market price.
By 2019, the lenders came to collect the debt, but Diem and Ngan were no longer able to pay the principal, interest and deposit to buy beer as committed. The total amount that Ngan owed was more than 29.5 billion VND.
According to the trial panel, the acts of the defendants Diem and Ngan were particularly serious, not only infringing on property rights, damaging the normal operation of the economy, social order and security, but also causing discontent. public opinion among the masses. Therefore, it is necessary to apply the strictest and highest penalty to the defendant Diem and the term imprisonment for the defendant Ngan.
Why not handle high interest loans?
At the trial, the defense lawyer for defendant Nguyen Xuan Phung, said that it is necessary to clarify “the act of lending high interest in civil transactions”. According to the file, victim Nguyen Thi Thanh Truc lent to defendants Diem and Ngan a total loan of 19 billion VND with interest at 6%/month and 9%/month.
However, according to Ms. Truc’s account statement, in 11 months, the defendants and their relatives transferred to Truc and her husband’s account with an amount of over 23.8 billion dong. In addition, the defendant’s husband Diem also paid Ms. Truc 16.3 billion.
Thus, the defendants and their relatives paid Ms. Truc 40 billion, over the loan amount is more than 21 billion dong. Calculated, the corresponding interest rate is over 211%/11 months, equivalent to 230 per year, 14 times higher than the regulation in civil transactions.
For this content, the Kon Tum Provincial Police Investigation Agency, has additionally investigated and found that there is not enough basis to handle Ms. Truc for the crime of usury.
2 women borrow high interest rates of nearly 30 billion VND
(PLO)- Because they did not have money to do business, the two defendants constantly borrowed high interest rates from many people to both maintain their business and pay interest on previous loans.
2 women borrow high interest rates of nearly 30 billion VND
13/01/2023
(PLO)- Because they did not have money to do business, the two defendants constantly borrowed high interest rates from many people to both maintain their business and pay interest on previous loans.
LE KIEN LE