Prosecution of 2 CEOs running fake fertilizer production line
The police have just issued a decision to prosecute and temporarily detain a couple and two accomplices to investigate the production and trade of thousands of tons of fake fertilizer.
On February 4, the Economic Police Department (Dak Lak Provincial Police) announced that the unit had just issued a decision to prosecute and temporarily detain 4 subjects to investigate the act of producing and trading in counterfeit fertilizers.
The subjects prosecuted and temporarily detained include: Bui Minh Chanh (43 years old), General Director of the United States International Fertilizer Group Joint Stock Company - VINA (Long An province); Nguyen Thi Cam My (41 years old, Mr. Chanh's wife), General Director of Nam Duong Fertilizer Trading Joint Stock Company (Binh Dinh province); Vo Thi Hong Nhung (33 years old) and Nguyen Duong Thinh (36 years old, both residing in Binh Dinh province), are accountants of the two companies run by Mr. Chanh and Ms. My.
Initial investigation results determined that at the end of 2024, through situation monitoring, the Economic Police Department (Dak Lak Provincial Police) discovered signs of buying and selling fake fertilizers at a number of business agents in the area, so they simultaneously deployed professional measures and urgently searched related business locations in many provinces and cities such as Dak Lak, Dak Nong, Long An, Binh Dinh, Ho Chi Minh City...
During the search of the headquarters and production warehouse of the two companies, of which Chanh and My are the general directors, the Economic Police Department (Dak Lak Provincial Police) seized 10,264 bags labeled with different types of NPK fertilizers with a total weight of more than 513 tons, more than 4,000 tons of raw materials for fertilizer production, along with many related papers, documents, and books.
The police worked with 32 fertilizer dealers in the provinces of Dak Lak, Dak Nong, Gia Lai and Kon Tum, temporarily seizing more than 848 tons of fertilizer products that the two companies had produced and sold on the market.
After being arrested, Chanh and My confessed that during their fertilizer production business, due to the high price of raw potassium and its scarcity due to having to import it from abroad, in order to reduce fertilizer production costs, compete on selling prices and increase profits, they issued specific fertilizer production formulas for each NPK fertilizer product code.
Among them, there are NPK fertilizers with low potassium content and NPK fertilizers with no potassium content.
Then, Chanh and My directed the company's two accountants, Vo Thi Hong Nhung and Nguyen Duong Thinh, to implement it.
In addition to the two companies mentioned above, Chanh and My also established 7 member companies to facilitate advertising and trading of many fertilizer products to the market in many provinces and cities across the country.