Arrest of wanted director for fraud of 11 billion VND
After receiving more than 11 billion VND, Ngo Van Bay (born 1982) did not perform as per the signed contract but cut off contact with the victims and fled the area.
On April 14, the Criminal Police Department of Binh Duong Province Police said that it had coordinated with the Quan Thanh Ward Police, Ba Dinh District, Hanoi City to arrest and extradite Ngo Van Bay (born in 1982, residing in Binh Phuoc Province), the subject who was issued an arrest warrant by the Investigation Police Department of Binh Duong Province Police.wantedespecially to Binh Duong for handling according to regulations.
According to records, Ngo Van Bay is the Director of a company in Chanh Nghia ward, Thu Dau Mot city.
In September 2016, Mr. Bay and Mr. B. signed a contract to contribute capital to do business. After that, Mr. B. transferred more than 10 billion to Mr. Bay many times to invest in building a factory and buying equipment.
In July 2017, Ngo Van Bay continued to receive 1 billion VND from another person to buy a car. However, after receiving more than 11 billion VND, Mr. Bay did not perform as per the signed contract but cut off contact with the victims and fled the area.
The Investigation Police Agency of Binh Duong Province Police has initiated a case, prosecuted the accused, and issued an arrest warrant to detain Mr. Ngo Van Bay for the act of Abuse of trust and appropriation of property.