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The Pescadero Perspective
news Scmp World 2026-06-24

Hong Kong Arrests 29 in Crackdown on Loan Sharks Charging 3,000% Interest

Hong Kong police have arrested 29 individuals in a major operation against a loan-sharking and money-laundering syndicate. The group allegedly charged victims exorbitant annual interest rates of up to 3,000% and used deceptive tactics to lure borrowers.

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