Vice Chairwoman of the commune's women's association commits fraud and embezzles 20 billion VND.
The individual had no authority or responsibility to handle bank loan refinancing, but told friends and relatives that they could do it for clients... Due to trust, many people lent the individual money to earn interest.
On August 23, the Investigation Police Department of Vinh Phuc province announced that they have initiated a criminal case, indicted 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 investigative 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 loan group leader for the bank. The contract clearly stated that Luong had no function or responsibility to handle the bank's principal loan refinancing, but she told friends and relatives that she could do it for clients. As a result, many people needing to refinance their loans approached Luong for loans.
Next, Luong asked friends and relatives if they had money to lend her to help her refinance bank loans for clients. After each time she completed the refinancing process and received the principal and interest from the clients, Luong would repay the principal and interest on the loan according to the client's refinancing documents at a high interest rate. However, in reality, Luong borrowed money to pay off the principal and interest on loans she had taken out previously, not to refinance bank loans for clients as she claimed.
Because they trusted Luong to handle bank loan refinancing for clients, earning high interest rates, many people lent him money to earn interest. Initially, Luong was able to control how he borrowed the principal from some people to regularly repay the principal and interest to others.
At the police station, Luong confessed that from around the beginning of 2023, she lost control of her money. At that time, Luong had to borrow money at high interest rates to repay those who had lent her money previously. Because she had to borrow principal from one person to pay interest and principal to another, and at that time Luong's job did not earn enough money to pay the interest on the loans, by January 2024, Luong was unable to repay her debts.
According to the Investigation Agency of the Vinh Phuc Provincial Police, from 2022 to February 2024, the suspect Luong defrauded and misappropriated approximately 20 billion VND.
To assist in the investigation and resolution of the case, the Criminal Investigation Agency of the Vinh Phuc Provincial Police requests that all professional departments and the police of districts and cities widely inform the public in their respective areas about the methods and tactics used by the suspect Luong in committing the crime.
At the same time, any individual or organization that has been defrauded or had their property misappropriated by Luong is requested to proactively contact the Criminal Investigation Department of the Vinh Phuc Provincial Police; 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.