Easy targets here, because they’re, not from around here, being taken advantage of, because they needed the money quick, and couldn’t speak nor read in Chinese, off of the Front Page Sections, translated…
A man, Yang, and an Asian woman who lives in Indonesia, Huang, operated a loan shark agency together, and they’d posted out the ads for giving the loans out, used the Indonesian migrant workers’ needs for some cash quick, raised up the interest rates. The immigrations department last week started the bust with the Nantou County detectives in Taichung, Changwha, Yang and his two daughters were arrested, Huang, her husband too, a total of five suspects taken into custody, and more than seven million dollars N.T. in cash confiscated, and, loads of passports, ledgers, and, the police estimated that there are, hundreds of Indonesian migrant workers who’d been, victimized, yesterday, the suspects, Yang and the rest were charged on breaking the laws of banking, money laundering, scams, etc., etc., etc., sent to the D.A.’s office.
The offices of immigrations investigated, that the migrant workers who’d gotten the loans because their families back home were hit by emergencies and desperately needed the money, they’d gone through the agent from Indonesia, turned in their passports, signed the slips, along with the higher interest rates too, and they couldn’t pay it back, couldn’t get their passports back, which in turn, blocked their rights to switch to other bosses, Yang and Huang abused the trusts of the migrant workers had from those who are from their same country, in these past two years, started posting the ads of “easy to get the loans” online, and, the annual interest rates of 0.0121-percent to 0.0125-percent, to attract those from Indonesia working in this country to take out the loans, and, if a loan of $20,000 N.T. was taken out, then, the payment of $12,500N.T.s would be owed per month. If the payment terms are five months, then, other than the six thousand dollars per month with the interests, there’s a thousand dollars extra for the process, at the rate of 121-percent to 152-percent per year, compared to the local authorized loaners’ rate of nine-percent per month, and the banks’ three-percent annually.
Based off of understanding, in the contract, Yang took advantaged of how the individuals didn’t know enough Chinese, and are in need of cash quickly, to have them sign the slips for the loans, and the consent for him to take their passports, if the victims couldn’t pay the amount back, then, he’d publicized the documents of the migrant workers online, and pay the individuals who’d hired these workers, to collect the debts, spreading fears through the victims’ lives.
And so, this is how this lesser group is easily victimized, they aren’t fluent in the languages, and, because they desperately needed the money, they took the words of the loan shark, and, after they’d signed the slips, they’re, screwed, and, these individuals had, taken advantage of how these migrant workers needed the money fast, and how they can’t read in Chinese, and they deserved to be punished, very severely, for taking advantage of those migrant workers who are here, helping the families care for their loved ones.