Dismantling a fake invoice trading ring worth more than 15 billion VND
A large-scale fake invoice trading ring has just been busted by the police, thereby seizing more than 15 billion VND in illegal money.
On the evening of January 7, Nam Dinh Provincial Police informed that the Investigation Police Agency of Nam Truc District Police had issued a decisionprosecute the case,prosecuted 3 suspects, of whom Bui Manh Cuong (born 1981) is the ringleader, for the act of "Illegal printing, issuance, and trading of invoices and documents for budget payment".
With sophisticated tricks, Cuong established Truong Phat Coal Trading and Construction Company Limited and bought a large number of VAT invoices from ghost companies. He then sold them to many agencies and businesses in Nam Dinh province and neighboring provinces to legalize expenses, evade taxes and make illegal profits.
Initial investigation determined that from January 1, 2023 to November 20, 2024, Cuong had purchased a total of 562 invoices from 19 ghost companies, with the total value of goods and services listed on the invoices reaching VND 300 billion. He illegally profited more than VND 15 billion from this illegal act.
The actions of Cuong and his accomplices have caused serious damage to the State budget and damaged the reputation of businesses. The Investigation Police Agency of Nam Truc District Police is continuing to consolidate the case file and strictly handle the subjects according to the provisions of the law.
