Using high-interest deposit rates, they embezzled nearly 40 billion VND.

(Baonghean.vn) - Using the ploy of enticing people to deposit money with high interest rates, from 2009 to the present, Nguyen Thi Thao has lured nearly 500 people in Con Cuong district and surrounding areas to deposit money and gold with her, embezzling nearly 40 billion VND.

In August 2016, the Criminal Investigation Agency of Con Cuong District Police received several reports from citizens regarding fraud and embezzlement of property by Ms. Nguyen Thi Thao (born in 1959), residing in Block 6, Con Cuong town. In the following days, numerous similar complaints were sent to the Con Cuong District Police.

The Criminal Investigation Agency of Con Cuong District Police read the arrest warrant and searched the house of suspect Nguyen Thi Thao.

Following an investigation and verification process, after consolidating documents and evidence, on December 23, the Con Cuong District Police issued a decision to initiate a criminal case, indict the suspect, and temporarily detain Nguyen Thi Thao.

As the owner of a large business in the district, Nguyen Thi Thao solicited deposits from people with promises of high interest rates, ranging from 1-2% per month, with the option to withdraw money immediately whenever needed. Receipts for deposits were stamped with the seal of Hung Thao Gold, Silver and Motorcycle Business to further enhance their credibility.

Using this tactic, from 2009 to the present, Nguyen Thi Thao has lured many people, including residents from neighboring districts such as Anh Son and Do Luong, into depositing money and gold with her. The Criminal Investigation Department of Con Cuong District Police has identified 483 victims, with the total value of money and gold stolen reaching nearly 40 billion VND.

The case is currently under further investigation.

Huu Thanh