Summoning the "boss" of the illegal gold trading company

On October 1, the High-Tech Crime Prevention Police Department (C50) coordinated with the Criminal Police Department (C45) of the Ministry of Public Security to carry out an emergency search warrant at Khai Thai Investment Consulting Company Limited (headquartered at Charmvit building, Cau Giay district, Hanoi).

The company is owned by Nguyen Manh Linh (born in 1987, from Ninh Binh) as director and interpreter for Hsu Ming Jung (born in 1975, Taiwanese nationality, China).

General Director Hsu Ming Jung directs and manages all investment and business mobilization activities of Khai Thai Company.

Khai Thai Company has a charter capital of 20 billion VND, has mobilized capital, signed investment contracts with customers to invest in gold through accounts to bring profits to customers.

Introduction of Khai Thai Company on website

To gain customers' trust, Khai Thai Company advertises that it has a team of experts sitting in Taiwan to play gold on Forex trading floors in Guangdong and Hong Kong.

To find customers, Khai Thai Company continuously recruits new sales staff, trains them for a week, prints business cards and works in groups to find customers without any labor contracts. In addition, employees of Khai Thai Company also go online to search for phone numbers of car and motorbike sellers - people who have money to find customers.

With the above trick, Khai Thai Company mobilized about 2,000 investment trust accounts with an amount of more than 200 billion and transferred the money abroad.

The investigation agency clarified that Khai Thai Company did not make any investment but only attracted capital and paid interest rates of 3-3.5% every day.

Searching three locations of the company, the police seized tens of billions of dong in cash and many related documents and papers.

The police also summoned five senior officials of Khai Thai Company, including: Director Nguyen Manh Linh (born in 1987, Ninh Binh); General Director Hsu Ming Jung (born in 1975, Taiwanese nationality); Executive Director Doan Thi Luyen (born in 1987, from Hai Duong); Executive Director of the branch at Nguyen Van Cu, Long Bien district, Hanoi Dinh Thi Hong Vinh (born in 1985, from Ninh Binh) and Chief Accountant Trinh Hoa Binh (born in 1975, from Ninh Binh).

Previously, on September 26, C45 coordinated with C50 to carry out an emergency arrest warrant for Mr. Vu Duc Hieu - General Director of VGX Investment Joint Stock Company and Nguyen Thi My Hanh - Chief Accountant of this company to investigate illegal business activities.

According to the investigation, although not allowed to trade in gold and gold derivatives, from 2012 until now, VGX Company has brazenly opened a gold trading floor, attracting investors to participate.

To participate in the gold trading floor, investors must deposit a minimum deposit of 100 USD. This amount ensures that investors can place orders to buy or sell 100 times the amount of gold deposited.

VGX Company also set a regulation that the brokerage fee must be paid to the floor owner immediately when a new transaction occurs, with the lowest fee being 10,000 VND/1 tael of gold traded. Initially, the police agency determined that there were about 700 investors participating in opening accounts at VGX floor with a total transaction amount of more than 110 billion VND.

According to VOV