25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate
Hong Kong police have arrested 25 people, some as young as 13, in a crackdown on a loan shark syndicate that charged victims annual interest rates of up to 282 per cent. Police said on Thursday that the triad-linked crime ring had loaned HK$200 million (US$25.5 million) to about 2,000 residents over the past year,…
