Billion-dong savings and loan collapse case: Retired teacher prosecuted

Regarding the collapse of the savings association that occurred in Vong Nguyet village (Tam Giang commune, Yen Phong district, Bac Ninh province), on September 17, Yen Phong district police said that they had issued a decision.prosecute the accusedagainst Ms. Ngo Thi Lan (in Tam Giang commune) for fraud and appropriation of property.

Previously, since the beginning of May 2024, public opinion has been stirred up about the collapse of a billion-dollar savings association in Vong Nguyet village (Tam Giang commune).

According to the victims, the hui owner Ngo Thi Lan announced the cancellation of the ledger. All information about the players and the monthly payments no longer exists.

According to Yen Phong District Police, the verification process encountered many difficulties, because all original documents and books were destroyed, while the number of players was large, it was not known who was playing in the same group and who received the monthly hui.

However, with the determination to restore justice for the people, Yen Phong District Police have arranged investigators to collect information, urgently verify and investigate to clarify.

Initially, Yen Phong District Police determined that Ms. Ngo Thi Lan had established dozens of hui groups, including 3 groups established since 2022.

Each hui has 25-30 players, however the actual number of recipients is only 3-5 people; the hui leader, Ngo Thi Lan, impersonated the members of the hui to receive the money. The hui leader used all of the money for personal expenses.

According to Mr. Nguyen Van Ha - Vice Chairman of Tam Giang Commune People's Committee, Ms. Ngo Thi Lan is a retired teacher.

Regarding the above hui collapse, the Chairman of the People's Committee of Bac Ninh province assigned the People's Committee of Yen Phong district to coordinate with relevant agencies to continue implementing measures to resolve the incident and stabilize public opinion.

Bac Ninh Provincial Police said this was not the first hui collapse to occur in Bac Ninh, but it was the first case in which the hui owner was criminally prosecuted. The case is currently being further investigated by the Provincial Police Department and strictly handled according to the law.