Arrested director for fraud and embezzlement of 4.7 billion VND

According to the investigation, in 2020, Luong Son Tinh rented a hotel in Ba Dinh district and, as the General Director of Hop Tan Phat Company, spread false information to other businesses that Tinh's company had won the bid to construct the project to renovate and upgrade the sidewalks of Samsung Pho Yen Industrial Park with a package value of more than 241 billion VND.

Subject Luong Son Tinh.

Hop Tan Phat Company wants to sign a contract to construct the above project with other companies, each construction package is worth 50 billion VND. To sign, the units must pay 5% of the package value (equivalent to 2.5 billion VND) in cash. When the project starts, Tinh will return the above amount to the companies.

On January 6, 2021, Hop Tan Phat Company signed a construction contract with 2 companies and received a deposit of 5 billion VND. After that, the project did not start as promised, Tinh returned a total of 300 million VND to the above 2 companies and appropriated 4.7 billion VND.

Based on the investigation documents, the Ba Dinh District Police Investigation Agency has issued a Decision.prosecutecase, prosecuted the accused and executed an arrest warrant for Luong Son Tinh for the crime of "Fraudulent appropriation of property".

Currently, Ba Dinh District Police are consolidating the case file and handling the subject according to regulations./.