Nghe An victim and hundreds of other victims accuse Khai Tin Real Estate Group

On October 27, Thua Thien Hue Provincial Police said that immediately after learning about the arrest of the Chairman of the Board of Directors and General Director of Khai Tin Group Joint Stock Company, hundreds of victims in many provinces and cities such as Hanoi, Nghe An, Quang Binh, Quang Tri, Thua Thien Hue, Da Nang, Ho Chi Minh City... sent petitions to the police agency to denounce the fraudulent behavior of the "owners" of this enterprise.

Previously, as reported, through professional measures, the Investigation Police Agency of Thua Thien Hue Province found that Khai Tin Group (with office located in Hue City) specializes in business inreal estate(Real estate) has many suspicious signs so it should be investigated.

Police read the arrest warrant for Chairman of the Board of Directors Tong Phuoc Hoang Hung.

On October 16, the Investigation Police Agency of Thua Thien Hue Province issued a decision to prosecute the case, prosecute the accused, and temporarily detain 3 subjects for "Fraudulent appropriation of property".

The arrested subjects are Tong Phuoc Hoang Hung (born in 1985, residing at 9 Nguyen Minh Vy Street, Vy Da Ward, Hue City), Chairman of the Board of Directors of Khai Tin Group Joint Stock Company; Phan Minh Thi (born in 1983, temporarily residing at C3, Vicoland Apartment Building), General Director of Khai Tin Group Joint Stock Company and Nguyen Ha Tan (born in 1971, residing at 36 Ly Tu Trong Street, Hue City), an employee of the company.

During the search of the suspects' offices and homes, the police seized many related documents. According to the police, the initial investigation determined that the above subjects used many sophisticated tricks, colluded, and established many member companies to "draw" up real estate trading and brokerage projects in the province to defraud many organizations and individuals.

General Director Phan Minh Thi signed the house search warrant before being escorted to the detention center by the police.

To defraud and appropriate property from hundreds of victims, Khai Tin Group used many different methods and tricks. Although they only purchased individual plots of land, the subjects "inflated" them into resort projects. The "Compound Van Xuan" project located at 67 Van Xuan (Kim Long Ward, Hue City) is an example.

A female victim (living in Hue City) recalled that when she learned that Khai Tin Group was advertising on websites that it was about to launch services such as shopping, the high-end Compound Van Xuan project, along with gyms, swimming pools, restaurants, etc., she hid from her husband and borrowed 1.5 billion VND to make a contract to deposit 50% of the purchase price of a 3 billion VND apartment.

In addition to the trick of “inflating” many individual residential plots into high-end projects, Khai Tin Group also established a series of member companies, directed subordinates to submit documents, and participated in land auctions at large real estate projects in the province. However, when winning the auction, they did not pay the remaining amount to receive the land.

Meanwhile, Khai Tin Group took the auction winning notice and gave it to several organizations and units to discuss the transfer at a lower price than the auction price. Many people thought it was real so they agreed to buy it back and transferred billions of dong to Khai Tin...

Police seized many documents at the home of Nguyen Ha Tan.

According to the investigation agency, in just the past 10 days (from October 17 to 27), more than 200 victims in provinces and cities such as Hanoi, Nghe An, Thua Thien Hue, Da Nang, Ho Chi Minh City... have sent complaints to the Thua Thien-Hue Police Department about Khai Tin Group appropriating hundreds of billions of VND. The victim who was scammed the most was 56 billion VND.

Before being investigated and prosecuted by the authorities, the defendant, Khai Tin Group, was twice administratively punished for falsely advertising its real estate projects.