Deputy Director of Van Dien Credit Fund (Nam Dan) defrauded and appropriated people's money?

(Baonghean) -Recently, many households in Nam Nghia commune (Nam Dan) have been "sitting on hot coals" because the Head of Nam Nghia Transaction Office (under Van Dien People's Credit Fund) Nguyen Xuan Thuy left his job and left the locality for a long time without any clear reason. According to the reflection, Thuy borrowed a lot of money from local people at high interest rates for personal purposes.

With the title of Deputy Director of Van Dien Credit Fund, Head of Nam Nghia Transaction Office (Nam Dan), Nguyen Xuan Thuy borrowed from some people living here an amount of up to hundreds of millions of dong with the promise to pay very high interest rates and repay both principal and interest in full within the committed time. However, not long after, the people who had been doing honest business and saved up the rare amount of money to give to Thuy, were now at risk of disappearing with this "reputable" deputy director.

Nam Nghia Credit Transaction Office, where Nguyen Xuan Thuy used to work.

Mr. NTH and his wife in Hamlet 6, Nam Nghia Commune, because they trusted Thuy as the Deputy Director of the Van Dien People's Credit Fund, and were close friends, did not hesitate to lend Thuy 60 million VND. Thuy also said that if they needed to get it back, they would just notify her 2 days in advance; but then Thuy kept delaying the payment again and again until now. Mr. NTH said: That time, 2 days after knowing that I deposited the above amount of money into the Van Dien People's Credit Fund at the Nam Nghia Transaction Office, Thuy met me and told me to withdraw that amount of money to lend to Thuy at a higher interest rate than when depositing it at the fund. Trusting Thuy, I withdrew and lent to Thuy from November 23, 2011 with a loan interest rate of 1.4%/month. Later, Thuy even returned me 10 million VND to withdraw the red book from the bank that I had mortgaged to borrow money from before, so that Thuy could use it to borrow another 200 million VND, but fortunately my wife stopped me...

According to Thuy's victims, with his handsome appearance, sweet talk, "deputy director" label and driving a luxury car, Thuy made many people trust him with their life savings. Thuy used the trick of co-paying interest to borrow money at interest rates up to 1.4%/month. In some cases, Thuy even "cut off" them right when implementing the credit contract at his own workplace. After signing the decision to lend money to customers at the fund, Thuy directly met and re-borrowed that amount of money at an interest rate much higher than the interest rate people had to pay when borrowing from the people's credit fund.

Mr. Tran Dinh Tho - Director of Van Dien People's Credit Fund said: Nguyen Xuan Thuy used to be the Deputy Director and was transferred to be the Head of Nam Nghia Transaction Office since 2008. At the end of 2012, Thuy asked for 2 leaves, each time for 10 days to handle work outside Tuyen Quang, Van Dien Commune People's Credit Fund created conditions to resolve. After 2 leaves, Thuy asked for more leave but was not resolved. Currently, Van Dien Commune People's Credit Fund has decided to dismiss Nguyen Xuan Thuy from the position of Deputy Director because he was not re-elected to the Board of Directors for the 6th term (2013-2018) and decided to temporarily suspend his work due to signs of violations in financial activities (asking customers to borrow money on his behalf). It is known that Thuy is currently a party member and used to be a typical Party cell secretary and hamlet chief in Van Dien Commune.

In the past, a series of bankruptcies have occurred in the province just because of business relationships, lending money, investing capital... The lesson is still there and it seems that the story of bankruptcy is not old at all for those who are gullible when entrusting all their assets to a subject without knowing clearly what their behavior and purpose are.

Article and photos: Phan Nguyen - T. Hai