TOKYO (TR) – Tokyo Metropolitan Police final month arrested three males, together with a male Korean nationwide, for lending money at extraordinarily excessive rates of interest to girls working in grownup leisure institutions within the Kabukicho red-light district.
Han Ka-cheol, 52, and the opposite two suspects, each Japanese nationals of their 30s, are believed by police to have focused girls who had collected money owed at host golf equipment, studies Nippon News Network (Sep. 28).
According to investigators, Han, who makes use of the surname Nishihara, and his associates are suspected of illegally lending money to a 24-year-old girl working at a fuzoku grownup leisure institution on the day by day rate of interest of 1.07 % between November 2023 and March 2025.
This rate of interest is roughly 20 instances the authorized rate of interest.
The girl was launched to Han and his acquaintances’ mortgage shark enterprise by a colleague. She borrowed 500,000 yen in money in March 2023. She then repaid no less than 4 million yen over the following two years till March 2025. However, she has nonetheless not absolutely repaid the mortgage.
Police didn’t reveal whether or not the suspects admit to violating the Investment Law.
Han and his accomplices are believed to have primarily focused girls who had money owed at host golf equipment and labored in grownup leisure institutions. They are believed to have lent a complete of round 8 million yen to a number of girls who contacted the Metropolitan Police Department with related complaints.
The suspects visited the Kabukicho space roughly as soon as each 10 days in luxurious automobiles, together with a black Mercedes Benz and a Toyota Lexus, to lend money to girls who had incurred money owed from frequenting host golf equipment and obtain repayments from the automobiles.
The crimes got here to gentle when a number of girls contacted police, saying they’d borrowed cash at excessive rates of interest.