Fri, May 05, 2006 - Page 3 News List

Taiwan Quick Take: `Loan shark' arrested

A Vietnamese woman married to a Taiwanese was turned over to the Chiayi Prosecutors' Office for allegedly running a loan shark business, police said yesterday. Police said they were tipped off that the woman was running an unlicensed money lending operation in Chungpu Village (中埔) in Chiayi County. She was allegedly charging high interest rates on loans to Vietnamese brides and collecting the money using violent means. An initial investigation showed the Vietnamese woman had lent NT$450,000 (US$14,000) to another Vietnamese woman, whose passport, alien resident certificate and motorcycle driver's license were kept as collateral. The victim claimed she had to pay interest of NT$15,000 per month for every NT$100,000 she borrowed. She was unable to make the payments after two months and began receiving death threats from the loan shark.

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