Police from the Ministry of Public Security have busted a gang that used violence to extort money from and provide high-interest loans to drivers at a Ho Chi Minh City bus station.
Nguyen Van Ty, 27, the gang's alleged leader and other four gang members were taken into custody last week by police, who also seized a number of weapons including knives and scimitars from the extortionists.
According to initial investigations, the gang had been operating since 2010 at Mien Dong Bus Station.
Police said the gang has around 15 members, some of whom are employed by bus companies such as An Sinh, Minh Phuong and Hoang Long, which operate out of the station.
The extortionists demanded protection fees from taxi and bus drivers and brutally beat up those who resisted them.
Ty also acted as a loan shark to the bus drivers and owners.
The gang threatened to take revenge anyone who dared report their activity to police.
Police are searching for gang's members who remain at large.