Vice President of Women's Commune Defrauded and Embezzled 20 Billion VND
The subject had no function or duty to repay the bank's principal debt, but told friends and relatives to repay the bank's debt for customers... Due to trust, many people lent money to the subject 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 they trusted Luong to pay off bank debts for customers and earn high interest, many people lent money to him to get interest. Initially, Luong still controlled 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 which time she had to borrow money at high interest rates to repay the debts of those who had lent her money before. Because she had to borrow the principal from one person to pay the 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 her 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, any individuals or organizations that have had their property defrauded by Luong should 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.
