29 arrested in crackdown on loan sharks who charged victims 3,000% in interest

Hong Kong police have arrested 29 people in a crackdown on a loan-sharking and money-laundering ring that charged victims annual interest rates as high as 3,000 per cent. Police said on Wednesday that the syndicate had set up a secret call centre in Tsuen Wan and posed as licensed finance companies, randomly phoning people in an attempt to lure them into borrowing money. In the process, they extra