He’d, bitten off MORE than he could possibly chew here, and, he’d finally done what he should’ve done from the very start, call the cops, from the Front Page Sections, translated…
A professional soldier from Hualien, in order to help pay up his girlfriend’s debts, he’d taken a loan of $100,000N.T. from the loan sharks, he didn’t realize, how the high interest rates would become, his worst nightmare, in two years, he’d managed to pay $460,000N.T., but still couldn’t pay it all up yet, he was even, locked up inside a kennel as a sort of a threat, and he could only go to the police for help. The Hualien Police went with the serviceman to the suspect, Lin’s home to arrest him, and, the case was sent to the Hualien’s D.A.’s office on charges of threats for money, obstruction of freedom, and others.
The twenty-six-year-old serviceman, Lai called the police for help this April, said that in order to help pay up his girlfriend’s debts, two years ago, he’d borrowed $100,000N.T. from Lin, and signed the checks for the amount, and turned in his national identification card, his credit card, his bank books, his ATM card too as “insurance”. As he’d taken out the loans, he’d deducted the $22,000N.T. in interests, and only took $78,000N.T., and afterwards, he’d needed to pay $25,000N.T. in interests from his own accounts.
Lai told the police, that last January, he could no longer pay the highly-priced interests anymore, he’d gone to confront Lin at an E.R. of a hospital in Hualien, the negotiations fell out, he was taken by two of Lin’s company into a car, and driven to a house, then placed into a dog kennel; Lin threatened him, “I’ll lock you up in a kennel first, do believe me, that I’ll have someone take care of you”. He felt fear, and promised he would pay up the debts that, was how he was released.
The second detective squad of Hualien Detective Agency received the call, and after chasing the leads for five whole months, a while ago, they’d gone with the militia station in Hualien, with the warrants in hand, went to Lin and Chen’s residence to arrest them, and found the ledgers, eleven cashier’s checks, as well as the identification cards, the health insurance cards of several victims.
The police told, that Lai took out a loan of $100,000N.T. two years ago in April, until the seventh of last month, he’d already paid over $460,000N.T., and there’s still the amounts of $184,000N.T. he had yet to pay up, the rates of the loans are up to twenty-five percent.
So, this, is what you get, when you get money loaned to you from loan sharks, they’d jack up the interests, and, the money will increase by incredible rates, until you’re, in too deep to get out of this hole you’d dug for yourselves, and this, is just how it worked…