Suspect arrested for defrauding billions of dong.
(Baonghean.vn) - On July 28, the Do Luong District Police issued a decision to initiate a criminal case, prosecute the suspect, and execute a temporary detention order against Ngo Thi Trang, residing in Giang Son Dong commune, for the crime of "Fraudulent appropriation of property" as stipulated in Article 139 of the Penal Code.
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| The police in Do Luong district carried out the order to arrest and detain Ngo Thi Trang. |
The investigation results determined that the defendant, Ngo Thi Trang (born in 1972), residing in Hoa Binh hamlet, Giang Son Dong commune, Do Luong district, primarily works in farming, livestock breeding, and buying and selling animal feed. From 2013 to October 2014, under the pretext of expanding livestock breeding and trading, and exchanging bank promissory notes, taking advantage of trust and acquaintance, Ngo Thi Trang borrowed 8.309 billion VND from 68 households in Giang Son Dong, Giang Son Tay, and Hong Son communes with an interest rate of 1000 VND/million/day (i.e., 3%/month).
Around mid-October 2014, knowing she was unable to repay her debts, Ngo Thi Trang declared bankruptcy to the households. However, despite still owing money to many people and being unable to repay, she continued to borrow over 3 billion VND from 33 households.
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| Ngo Thi Trang was arrested at her home. |
Based on the evidence collected, the Criminal Investigation Department of the Do Luong District Police determined that Ngo Thi Trang, at a time when she was on the verge of bankruptcy, had fraudulently borrowed money from many people with the intention of misappropriating it. Ngo Thi Trang's actions constitute the crime of fraud and misappropriation of property under Article 139 of the Penal Code.
The arrest warrant was executed at Ngo Thi Trang's residence, and the Do Luong District Police also carried out a search of her home, seizing 18 notebooks containing documents and evidence related to the fraudulent appropriation of funds, to aid in further investigation and bring the case to trial.
Huy Khoi
