Breaking up an illegal invoice trading ring worth over a hundred billion

On December 9, the Economic Police Department (PC46, Da Nang Police) announced that it had prosecuted and temporarily detained two suspects involved in an illegal invoice trading ring worth more than 100 billion VND.

The police agency delivered the decision to prosecute and temporarily detain Nguyen Thi Phuong - Photo: D.C.

Two subjects, Nguyen Thi Phuong (56 years old, residing on Phan Chau Trinh Street, Da Nang) and Tran Thi Thu (26 years old, temporarily residing on Ton Dan Street, Da Nang) were temporarily detained to investigate the act of "illegally buying and selling invoices, documents, and collecting and paying to the state budget".

Previously, the police also urgently arrested Nguyen Phuong Toan (33 years old, residing in Tan Phu District, Ho Chi Minh City) for the act of "illegally buying and selling invoices, documents, and collecting and paying into the state budget". Toan is the leader of the illegal invoice trading ring that Phuong and Thu participated in.

Through a search of Phuong's home, investigators discovered dozens of VAT invoices showing the names of "ghost" companies that Phuong and Toan had set up, many of which had been used.

According to the police, from September 2014 until now, Toan and a number of other members of the ring have used many ID cards purchased on the market, then authorized them and used fake signatures to complete the documents to establish two "ghost" companies located in Da Nang.

Although the registered business licenses of these companies cover areas such as transporting spare parts, equipment, construction materials, retailing household electrical appliances, etc., in reality, these companies do not trade in the above items but only print and illegally buy and sell invoices.

PC46 determined that Toan and his accomplices in the ring printed and sold a total of about 1,500 fake invoices for hundreds of businesses with a turnover of more than 100 billion VND.

According to Tuoi Tre