Prosecution of former company director for 45 billion VND fraud
On the afternoon of October 13, the People's Procuracy of Ca Mau province announced that it had just completed the indictment to prosecute the accused Nguyen Minh Tan (born in 1991, former Director of Linh Yen Phi Trading-Service-Construction Investment Company Limited (Linh Yen Phi Company), Bac Lieu ward, Ca Mau province); Le Thi Thanh Nghi (born in 1985, former Director of Linh Yen Phi Company, Can Tho City branch) and Nguyen Dang Trinh (born in 1983, residing in Vinh Long province), all for the act of "Fraudulent appropriation of property".
According to the case file, due to debt to many organizations and individuals, Tan had the intention of appropriating other people's money to pay off debts and use for personal use. Tan registered to establish and legally represent many companies, branches, representative offices and business households in many provinces and cities, such as: Bac Lieu, Ca Mau, Soc Trang, Can Tho City (old), Ho Chi Minh City...
In addition, Tan also created a website posting many images of Linh Yen Phi Company purchasing shrimp, raising livestock, charity kitchens... On the other hand, to create trust for the victims, Linh Yen Phi Company also signed an investment cooperation contract with another company to contribute capital to invest in the construction of 3 projects, including: Sports area, land games; 5-star hotel with the Dan Kim instrument and resort with a total investment of 1,100 billion VND.
By establishing a system of companies that he legally represented, Tan called on victims to invest and contribute capital to Linh Yen Phi Company to share profits, such as: Investing in business cooperation; investing in paying shrimp coupons; lending to pay project taxes; bank maturity...
After receiving the money, Tan did not use the money as agreed or as per the signed contract, but appropriated it for personal purposes, such as: Paying personal debts; paying salaries to employees and paying profits to victims who invested in advance or using the victims' invested money to pay profits to themselves.
With the above acts and tricks from May to December 2022, Tan, Nghi and Trinh defrauded and appropriated money from 24 victims with a total amount of nearly 15 billion VND. In addition, from December 2020 to September 2023, Tan also used deceitful tricks by calling for investment in Linh Yen Phi Company to share profits, sell land or rent cars to serve the company's operations, appropriating 10 victims with a total amount of 30 billion VND...
