Arresting 'Tu Xinh' in the case of a broken savings association of more than 14 billion VND

According to the initial declaration of the hui player to Ms. Phan Thi Tu, the total amount of money from the hui chains that this woman still owes is up to more than 14 billion VND.

Colonel Truong Van Sang - Chief of Cai Lay District Police (Tien Giang) said that the unit has temporarily detained the owner of the rotating savings and credit association Phan Thi Tu (also known as Tu Xinh, residing in Binh Phu Commune, Cai Lay District) to investigate the collapse of a multi-billion-dong rotating savings and credit association that has left hundreds of people in dire straits.

Cai Lay District Police coordinated with relevant professional units to request those who participated in the hui with Ms. Tu to declare and collect documents related to the hui chains they participated in so that the investigation agency could specifically count the amount of money that Ms. Tu lost.

Authorities are on duty to prevent players from breaking into Mrs. Tu's house to collect debts. Photo: Hoai Thuong.

According to the statements of the players, the amount of money that Mrs. Tu still owes to the hui chains is up to more than 14 billion VND.

On October 23, after hearing the news that Ms. Tu had broken her hui and wanted to sell her house to escape, more than 200 people who participated in the hui with Ms. Tu gathered in front of her house to collect the debt.

According to the victims, due to mutual acquaintance and trust, about 200 people from Binh Phu and Phu Nhuan communes (Cai Lay district) participated in many of Mrs. Tu's hui chains. Mrs. Tu has been the head of the hui in the locality for 10 years now.

A lot of people gathered in front of Mrs. Tu's house.

Recently, many people noticed that Mrs. Tu stopped opening new hui chains and showed signs of dissipating family assets, so they became suspicious.

People found out that Mrs. Tu used the trick of using "ghost names" to create a list of people who played the hui and then collected the hui for these people without paying the hui and died. She also intended to sell her house to leave the area, so they thought Mrs. Tu was a scammer.

So dozens of people surrounded and destroyed Mrs. Tu's house to collect the debt. This woman barricaded herself, locked the door and hid inside the house.

The police and local authorities must send forces to be on duty, maintain order in the area and ensure Mrs. Tu's safety.

According to Tuoi Tre