Borrowing money for his child to study abroad, father in Nghe An commits fraud to pay off debt

Nghe An Provincial People's Court has just opened a first-instance criminal trial of Nguyen Vinh Ky (born 1952), residing in Nam Dan town, Nam Dan district, for the crime of Fraudulent appropriation of property.

According to the investigation agency's documents, Nguyen Vinh Ky runs a gold and silver shop and is a goldsmith. Ky has 4 children studying abroad in the US, Canada... While sending his children to study abroad, Ky mortgaged the Land Use Rights Certificate to borrow money from the bank.

Nguyen Vinh Ky in court. Photo: Tran Vu

However, since 2018, Ky's business has not been favorable and has been losing money. Although he has tried everywhere, he still cannot save the situation.

Taking advantage of having children studying abroad and having a tourist visa in Canada, Ky bragged to everyone that he was capable of handling the procedures to study abroad. The price for a successful study abroad program that Ky offered was 400 - 500 million VND.

With this trick, since August 2018, Nguyen Vinh Ky has committed property fraud by accepting procedures to study abroad in Canada, the US... with an amount of more than 1.8 billion VND, of which the most people were scammed 1.2 billion VND.

At the trial, Ky admitted to the crime. The defendant said that due to business losses and needing money to pay off bank loans, he lied about being able to send people to study abroad to appropriate money.

During the trial, the panel of judges found it necessary to clarify the responsibility of the defendant’s wife and whether she was an accomplice in the case. After deliberation, the court decided to return the case file to consider the role of defendant Ky’s wife in this case.