Fraudulently selling a series of 'ghost' projects, appropriating about 50 billion VND
The police agency said it is investigating the case of "Fraudulent appropriation of property" that occurred at Viet Real Estate Investment and Services Joint Stock Company.
Investigation results so far have determined that Viet Real Estate Company has not yet completed the application procedures.land use conversion, dividing the plots of land including: Plot No. 171, map sheet No. 6, address Phuoc Hiep commune and plot No. 1200, map sheet No. 18, address Nhuan Duc commune (both in Cu Chi district, Ho Chi Minh City); Plot No. 595 656 on map sheet No. 9 in Xuan Thoi Thuong commune, Hoc Mon district, Ho Chi Minh City and some plots of land in Ia Bang commune, Ia Toorr commune, Chu Prong district, Gia Lai province.
Mr. Tran Trung Hieu - General Director of Viet Real Estate Company arbitrarily established residential projects, divided plots of land with an area of 30m22up to 100m2contrary to the law, self-named: Loc Phat Garden Residential Area Project, Nhuan Duc Residential Area Project, Phuc Loc Tho Project, Xuan Thoi Thuong - Hoc Mon Project, Gia Lai Central Park Residential Area Project.
After being established, these “ghost” projects were advertised by the Company, selling land to many people in the form of residential land and using the form of “Land Use Rights Transfer Contract” or “Notarized Certificate”, deceiving customers to gain illegal profits, appropriating from the victims about 50 billion VND according to initial determination.
To serve the investigation, the Ho Chi Minh City Police Department requests that anyone who has signed a "Contract in principle for transferring land use rights" or "Notarized Certificate" to receive the transfer of land plots with Viet Real Estate Company or with Tran Trung Hieu, come to the Ho Chi Minh City Police Department at 674 3/2 Street, Ward 14, District 10, contact investigator Pham An, Tel 0693187783 to report.
