127 arrested as Hong Kong police bust Vietnamese-led loan-sharking syndicate

Por Wynna Wong — South China Morning Post – News feed

Advertisement Crime in Hong Kong Hong Kong Law and Crime 127 arrested as Hong Kong police bust Vietnamese-led loan-sharking syndicate

The group allegedly charged borrowers HK$100 a day for every HK$10,000 borrowed, with the compounded rate reaching 3,700 per cent a year

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Wynna Wong Published: 8:02pm, 10 Oct 2026

Hong Kong police have arrested 127 people in a six-month undercover operation against a Vietnamese-led crime syndicate accused of running loan-sharking rackets charging interest rates of up to 3,700 per cent, as well as illegal gambling and unlicensed bars in West Kowloon.

The syndicate is also alleged to have helped illegal immigrants find shelter and work, with police raiding eight premises on October 8 and 9.

Among those arrested were 10 alleged core members, including the suspected leader, a Vietnamese woman holding a Hong Kong identity card.

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Fonte: South China Morning Post – News feed