CIB task force busts up loan shark ring, arrests 18 suspects

The CIB's 7th Investigation Brigade joined forces with police units in Keelung, Taipei and New Taipei, as well as with the Taipei military police division, and raided 29 residences of the ring members, according to a CIB statement.

They arrested the alleged ring leader, surnamed Zhai, and some key accomplices surnamed Weng, Yen, Chou and Huang, as well as other ring members, and seized evidence including baseball bats, account books, lists of victims' names and counterfeit detector machines, and NT$1 million in cash.

The suspects were all handed over to the Taipei District Prosecutors' Office for offenses against personal liberty, seeking unreasonably high interest payments, and for other charges relating to organized crime, according to CIB.

The loan shark ring allegedly operated more than 10 car loan centers and pawnshops in Taipei and New Taipei, extending high-interest loans with interest rates of 15 percent per month to taxi drivers.

Ring members allegedly used various violent means to demand repayment of overdue loans, including beating debtors with baseball bats.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Officials doubt civil servant retirement reform

NEXT ARTICLE
Actor Morris Rong dies of heart attack at 43

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit