Ministry of Public Security directs to expand investigation into case at Alibaba real estate company

Authorities blockaded and searched Alibaba Company's headquarters in Thu Duc district on September 18.

On the morning of September 21, the Ministry of Public Security coordinated with Ho Chi Minh City Police to award units with outstanding achievements in investigating the case of "Fraudulent appropriation of property" that occurred at Alibaba Real Estate Joint Stock Company.

Previously, following the direction of the Ministry of Public Security, Ho Chi Minh City Police coordinated with the Economic Police Department (Ministry of Public Security), police of Dong Nai, Binh Thuan, and Ba Ria - Vung Tau provinces to investigate and verify signs of violations and violations of the law occurring at Alibaba Real Estate Joint Stock Company.

Initial investigation results show that Nguyen Thai Luyen and Nguyen Thai Linh (Luyen's younger brother) established Alibaba Company and its member companies to collect and buy a large amount of agricultural land (including a very small amount of residential land in rural areas) and assign it to individuals to stand in their names and draw up many unreal projects in a number of southern provinces (these projects have not completed legal procedures, have not been approved or licensed by competent authorities) and then advertise it as project land to sell to thousands of customers and the amount of money collected is up to thousands of billions of VND.

Based on the investigation results and collected evidence, on September 13, the Investigation Police Agency - Ho Chi Minh City Police Department issued a decision to prosecute the case of "Fraudulent appropriation of property" occurring at Alibaba Real Estate Joint Stock Company and related companies; at the same time, issued a decision to prosecute the accused, an arrest warrant for temporary detention and a search warrant for Nguyen Thai Linh (General Director of Alibaba Company) for the crime of "Fraudulent appropriation of property".

On September 18, the Ho Chi Minh City Police Department executed arrest warrants and search warrants against Nguyen Thai Linh at the headquarters and branches of Alibaba Company in Ho Chi Minh City and Dong Nai province.

The initial investigation results also determined that Nguyen Thai Luyen (Linh's brother), as Chairman of the Board of Directors of Alibaba Company, played the role of mastermind and leader. Therefore, the Ho Chi Minh City Police Department issued an emergency arrest warrant for Nguyen Thai Luyen to serve the investigation; at the same time, the investigation agency searched the workplace, and seized many important documents and evidence.

With the achievements, the Ministry of Public Security has decided to reward 6 units including: Department of Investigation Police on Crimes of Corruption, Economy, Smuggling - Ministry of Public Security; Department A07 - Ministry of Public Security; Room 15 - Department C03; Department of Investigation Police on Crimes of Corruption, Economy, Smuggling (PC03) - Ho Chi Minh City Police, Mobile Police Regiment of Ho Chi Minh City Police, Ho Chi Minh City People's Procuracy.

In addition, Ho Chi Minh City Police also awarded letters of commendation to 4 units including: PC03 Department, Mobile Police Regiment, Thu Duc District Police and a number of professional units of Ho Chi Minh City Police.

According to Major General Nguyen Duy Ngoc, in the coming time, units will focus their forces on continuing to consolidate documents and evidence, expanding the investigation of the case to handle other related subjects according to the provisions of the law.