Female tycoon swindles bank loan of 23 billion VND
The female tycoon forged some documents to fraudulently borrow 23 billion VND from Lien Viet Post Joint Stock Commercial Bank and has now fled.
On May 21, the Ho Chi Minh City Police Department announced that it is investigating the case "Fraudulent appropriation of property"through the legal entity of Phat Dat General Production - Trade - Service One Member Co., Ltd. occurring in Ho Chi Minh City.
To serve the investigation, the Investigation Police Agency announced a search for Ms. Nguyen Bach Van (56 years old, from Ba Ria - Vung Tau, residing in District 1, Ho Chi Minh City, former Director of Phat Dat General Production - Trade - Service One Member Co., Ltd.) for the act of "Fraudulent appropriation of property".
According to the initial investigation, Ms. Van showed signs of falsifying the planning confirmation document of the Urban Management Department - People's Committee of Vung Tau City, Ba Ria - Vung Tau Province to inflate the value of mortgaged assets. In addition, she also created fake economic contracts between Phat Dat Company and other companies, used fake value-added invoices of these two companies to borrow nearly 23 billion VND from Lien Viet Post Joint Stock Commercial Bank and then appropriated it.
During the investigation, in early 2024, the Ho Chi Minh City Police Department issued a decision to prosecute and arrest Nguyen Bach Van for temporary detention. The decisions were approved by the Ho Chi Minh City People's Procuracy according to regulations, but Nguyen Bach Van fled his residence and his whereabouts are unknown.
Currently, the Investigation Police Agency has issued a notice to search for suspect Nguyen Bach Van for handling according to the provisions of law.
