Authorities dismantled a ring involved in the fraudulent sale of invoices worth over 15 billion VND.
A large-scale fraudulent invoice trading ring has been dismantled by the police, resulting in the seizure of illicit funds exceeding 15 billion VND.
On the evening of January 7th, the Nam Dinh Provincial Police announced that the Criminal Investigation Agency of Nam Truc District Police had issued a decision.initiate legal proceedings.Three individuals have been charged, with Bui Manh Cuong (born in 1981) being the ringleader, with the crime of "illegally printing, issuing, and trading invoices and documents for tax collection."
Using sophisticated methods, Cuong established Truong Phat Coal Trading and Construction Company Limited and purchased a large number of fictitious value-added tax invoices from shell companies. He then resold them to numerous agencies and businesses in Nam Dinh province and neighboring provinces to legitimize expenses, evade taxes, and gain illicit profits.
Initial investigations revealed that from January 1, 2023, to November 20, 2024, Cuong fraudulently purchased a total of 562 invoices from 19 shell companies, with the total value of goods and services recorded on the invoices reaching 300 billion VND. He illegally profited more than 15 billion VND from this illegal activity.
The actions of Cuong and his accomplices have caused serious damage to the state budget and tarnished the reputation of businesses. The Criminal Investigation Department of the Nam Truc District Police is continuing to consolidate the case file and will strictly handle the suspects in accordance with the law.
