Vice President of Women's Commune Defrauded and Embezzled 20 Billion VND
The subject has no function or duty to repay the bank's principal debt, but tells friends and relatives to repay the bank's debt for customers... Because of trust, many people have lent the subject money to earn interest.
On August 23, the Investigation Police Agency of Vinh Phuc Province Police announced that it had initiated a case, prosecuted the accused, and detained Bang Thi Ngoc Luong (born in 1987), residing in Xom Go village, Dao Tru commune, Tam Dao district, for the crime of "Fraudulent appropriation of property".
According to the investigation agency's documents, on September 30, 2022, Bang Thi Ngoc Luong, Vice President of the Women's Union of Dao Tru Commune, signed a credit service contract with Agribank Tam Dao Branch and was the head of the bank's loan team. The contract clearly stated that Luong did not have the function or responsibility to renew the bank's principal debt, but the subject told friends and relatives to renew the bank's debt for customers. Therefore, many people who needed to renew the bank's debt came to Luong to borrow money.
Next, Luong asked her friends and relatives if they had money to lend her to pay off the bank loan for the customer. After each time completing the bank loan application for the customer, receiving the principal and interest from the customer, Luong would return the principal and interest of the loan according to the customer's bank loan application with a high interest rate. However, in reality, Luong borrowed money to pay off the principal and interest for the loans that the subject had previously borrowed, not to pay off the bank loan for the customer as stated.
Because of the trust that Luong could pay off bank loans for customers and earn high interest, many people lent money to him to get interest. Initially, Luong was still able to control the principal loan from this person to pay the principal and interest to others regularly.
At the police station, Luong confessed that from the beginning of 2023, she lost control of her money, at that time Luong had to borrow money at high interest rates to pay off debts to those who had previously lent her money. Because she had to borrow the principal from one person to pay interest and principal to another, and at that time Luong was working and did not have enough money to pay the interest on the loans, by January 2024, Luong lost the ability to repay the debt.
According to the Investigation Police Agency of Vinh Phuc Province Police, from 2022 to February 2024, defendant Luong defrauded and appropriated about 20 billion VND.
To serve the investigation and settlement of the case, the Investigation Police Agency of Vinh Phuc Province Police requested the professional departments and the Police of districts and cities to widely inform the people in the area about the methods and tricks of the defendant Luong.
At the same time, it is recommended that any individual or organization whose property was defrauded by Luong proactively contact the Investigation Police Agency of Vinh Phuc Province; address: No. 2, Nguyen Cong Hoan Street, Hoi Hop Ward, Vinh Yen City; contact phone number 0356.322.686 (investigator Nguyen Van Cuong) for resolution.
