Open a corporate account, defraud more than 6 billion VND

Ho Chi Minh City Police Department of Investigation said it has just completed the investigation conclusion, proposing to prosecute defendant Nguyen Thi Bach Tuyet for the crime of "Fraudulent appropriation of property".

L&M Vietnam Company is a 100% foreign-owned enterprise (headquartered on Pho Quang Street, Ward 2, Tan Binh District). The legal representative is Mr. Wong Kong Hee (Malaysian nationality) and Mr. Yee Lip Chee is the General Director.

L&M Vietnam Company registered to open an account at Oversea Chinese Banking Corporation LTD (abbreviated OCBC) and at United Overseas Bank (abbreviated UOB), both accounts at these two banks have branches in Ho Chi Minh City.

During her time working at L&M Vietnam Company as chief accountant, Nguyen Thi Bach Tuyet (44 years old, residing in Ward 7, Phu Nhuan District, Ho Chi Minh City) learned about the agreement between L&M Vietnam Company and the above 2 banks to accept all money transfer requests and money transfer orders by fax (or scan) as the main documents for money transfer.

The original copies of the money transfer request form or money transfer order later transferred by L&M Vietnam Company are only for the bank to keep (or do not need to submit the original). Therefore, Nguyen Thi Bach Tuyet went to the bank to open account number 086.1000082.002 of Dai Hong Tung LLC, with Nguyen Thi Bach Tuyet as the account holder (Tuyet is the legal representative of Dai Hong Tung Company).

Then, Tuyet made a money transfer request form, a money transfer order with a direct signature and signature stamp in the name of Yee Lip Chee - General Director of L&M Vietnam Company to request OCBC Bank and UOB Bank to transfer money from L&M Vietnam Company's account to Dai Hong Tung Company's account.

Meanwhile, there were no transactions, sales or economic contracts between L&M Vietnam Company and Dai Hong Tung Company. When L&M Vietnam Company's money entered Dai Hong Tung Company's account, Tuyet withdrew it and appropriated it.

According to the verification results, all 26 money transfer orders and money transfer requests from OCBC Bank and UOB with a transfer value of more than VND6 billion were not signed by Mr. Yee Lip Chee. On November 7, the Ho Chi Minh City Police Department announced that it had just completed the investigation conclusion, proposing to prosecute the defendant Nguyen Thi Bach Tuyet for the crime of "fraudulent appropriation of property".

According to CAND