More Alibaba executives arrested
Three Deputy General Directors of Alibaba Company and three employees were arrested on charges of assisting Chairman of the Board of Directors Nguyen Thai Luyen in fraud on October 15.
Alibaba Company's Deputy General Director in charge of human resources Dao Thi Thanh Loi; Deputy General Director in charge of communications Nguyen Le Hoang Lan; Nguyen Huynh Tu Trinh - legal staff, and 2 others are being investigated by the Police Department for Investigation of Crimes on Corruption, Economy, and Smuggling (PC03) of Ho Chi Minh City Police for their behavior.Fraudulent appropriation of property.
On the morning of October 15, PC03 also arrested Huynh Thi Ngoc Nhu - Deputy General Director in charge of training at Alibaba Company for the same crime.
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| Huynh Thi Ngoc Nhu - Deputy General Director in charge of training at Alibaba Company. |
Among the defendants, Trinh was the leader of dozens of employees who opposed and smashed the vehicle of the enforcement team for the "ghost" project of Alibaba Company in Phu My district (Ba Ria - Vung Tau). He was sentenced to 4 years and 6 months in prison for two crimes.Gdisturbing public orderandIntentional damage to property.
According to the investigation, Nguyen Thai Luyen and his younger brothers Nguyen Thai Linh and Nguyen Thai Luc established 23 member companies of Alibaba Real Estate Group.
Luyen's group collected more than 600 hectares of agricultural land in Dong Nai, Ba Ria - Vung Tau, Binh Thuan. Although they had not completed legal procedures and had not been granted a project license, the Luyen brothers drew up 40 projects, loudly advertising them as project land (residential land) to sell to thousands of people.
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| Nguyen Thai Luyen (left) at the time of his arrest. Photo:Police provided |
Authorities determined that the defendants used land in the "ghost" project as bait, which was actually a fraud to appropriate assets through the form of multi-level capital mobilization. Currently, more than 3,000 people have accused Alibaba Company of appropriating about 1,800 billion VND.
In September 2019, while searching Alibaba Company and its member companies, the police seized more than 9 billion VND, 250 pieces of yellow metal, 20 yellow metal bars, 3 cars, 40 land use right certificates... believed to be evidence of the case.
In addition to the three Luyen brothers, PC03 has arrested or released on bail more than 20 people for the following acts:Fraudulent appropriation of property, Money laundering...
The investigation agency is expanding the case.
