‘Ultra-luxury life’ at 5,000% annual interest… The moneylender who cried the common people

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The police arrested an illegal loan organization that made small business owners and job seekers who are still struggling. He has led a luxurious life by lending money at a ridiculous interest rate of over 5,000% a year and collecting the proceeds.

Reporter Min-wook Kim of KNN reports.

A police officer forcibly opened the door and entered the apartment.

It is an unregistered illegal loan business office and accommodation.

[경찰 : 여기는 뭐하는 곳입니까? 여기 미등록 대부업 사무실이잖아요.]

In a luxury apartment in Haeundae, Busan, which was used as an office, bundles of cash were found in bundles of 50,000 won notes.


The general manager, Mr. A in his 40s, and his party lent high-interest bonds of over 5,000% per annum to 7,900 people.

It is a murderous extortion that is more than 260 times the legal maximum interest rate of 20% per annum.

When General Manager A secured a list that could not be loaned from the financial sector and distributed it to eight teams across the country, he approached small business owners and job seekers who needed urgent money.

In this way, the criminal proceeds earned over a year and six months alone amounted to KRW 14.6 billion.

Police investigations revealed that they had rented a high-end, difficult-to-access apartment to avoid police pursuits.

[김웅경/부산경찰청 경제범죄수사대 팀장 : (고급 아파트는) 보안 체계가 잘 돼 있어서 경찰이라 하더라 도 쉽게 출입하지 못하는 그런 곳을 (사무실로 썼습니다.)]

It was investigated that General Manager A lived a luxurious life, such as buying three high-end foreign cars and luxury bags with the proceeds of the crime.

The police arrested General A on charges of violating the Loan Business Act, and charged 45 people per day without detention and handed them over to the prosecution.

(Video coverage: Park Young-joon KNN)

Reference-news.sbs.co.kr

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