May 16, 2017   A problem in HK: loan sharks

If you Google "loan sharks HK" many items appear concerning the ongoing problem of people in Hong Kong falling into the clutches of ruthless loan sharks. One report describes how HK police earlier this year busted a loan shark syndicate preying on Filipino domestic helpers.

The problem is widespread. Loan sharks can easily be found in most parts of Hong Kong. Recently I met several people who have become their victims and are enmeshed in a spiral of debt from which they can't break free.

Many victims are afraid to report their situation to the police, out of fear that the loan sharks will cause injury to the victims or their families. But in such cases the police have a way of protecting people.

The police have set up a special hotline for people who have information about loan sharks: 6348-1240