Authorities have arrested the head of a fraudulent savings scheme that swindled over 300 million VND.
On January 24th, the Criminal Investigation Department of the Ca Mau Provincial Police announced that they had initiated criminal proceedings and temporarily detained Le Tuyet Nhung (born in 1975, residing in Hamlet 5, Tam Giang Commune, Ca Mau Province) for the crime of "Fraudulent appropriation of property".
According to the investigation, from 2016 to 2023, Nhung organized several informal lending schemes and invited local members to participate.
During the rotating savings scheme, Nhung did not create a list of members, did not draw up agreement minutes, did not register the scheme with the commune's People's Committee, and did not open a ledger to track the scheme as required by regulations.
Taking advantage of the trust of the members of the rotating savings scheme, Nhung arbitrarily seized 15 shares and sold 3 shares, embezzling over 300 million VND from two rotating savings schemes.
