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Lenders under “5-6” scheme can be arrested: DOJ

by UNTV News   |   Posted on Wednesday, January 11th, 2017

Justice Secretary Vitaliano Aguirre II.

Justice Secretary Vitaliano Aguirre II.

Justice Secretary Vitaliano Aguirre believes that Indian nationals lending money under the so-called ‘5-6’ system can be arrested even without a warrant of arrest.

The pronouncement came after President Rodrigo Duterte orders the arrest and deportation of foreigners engaged in the ‘5-6’ lending scheme in the Philippines.

Sec. Aguirre said that the 20-percent monthly interest to those who loan money is no longer an acceptable practice.

“They are operating without any permit or license,” Sec. Aguirre said. “They could be arrested without any warrant because when they are doing that, they are committing a crime.” — UNTV News & Rescue

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