Bank manager arrested for defrauding billions of dong and fleeing to Cambodia to open a company.

After defrauding a director of over 4 billion VND, Ngan fled to Cambodia, used fake documents to get married, have children, and open a company until he was arrested by the police.

On September 24, the Criminal Fugitive Apprehension Department (PC52) of the Ho Chi Minh City Police announced the arrest of Nguyen Hoang Ngan (37 years old, residing in District 4) under a warrant for "fraudulent appropriation of property".

Ngan was formerly the Head of the Binh Chanh Transaction Office of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) Cho Lon branch.

According to initial information, around June 2009, Mr. LVM (director of a company in District 10) went to the Binh Chanh branch of Saigon Thuong Tin Commercial Joint Stock Bank to meet with Ngan to borrow 2.8 billion VND with two houses in District 4 as collateral.

Nguyen Hoang Ngan at the time of her arrest.

During the loan application process, Ngan instructed Mr. M. that she would fill out all the necessary forms, and Mr. M. only needed to sign and stamp the documents with the company seal.

Taking advantage of this, Ngan prepared blank promissory notes for various loans and gave them to Mr. M. to sign and stamp.

When the bank approved a loan of 2.8 billion VND for Mr. M., Ngan personally received the money and then embezzled it. Afterwards, Ngan told Mr. M. that the bank had not approved the loan.

Furthermore, while Mr. M. was waiting to get a bank loan, Ngan made up various excuses and borrowed an additional $60,000 from Mr. M., but then failed to repay it.

Following a complaint from Mr. M., the Ho Chi Minh City Police launched an investigation, but Ngan had already fled. Subsequently, the police decided to initiate a criminal case, indict the suspect, and issue an arrest warrant for Ngan.

Reportedly, after fleeing to Cambodia, Ngan used fake documents to become a citizen of that country.

From then on, Ngan got married, had children, and opened a company selling electronic equipment and components.

Believing she had perfectly concealed her identity, Ngan recently frequented the Moc Bai border gate area in Tay Ninh province for trading purposes, where she was apprehended by detectives from the Criminal Fugitive Apprehension Department of the Ho Chi Minh City Police, in coordination with the Moc Bai International Border Gate Border Guard Station.

According to Dan Tri