The Investigation Police Agency of Vietnam’s Ministry of Public Security has made progress in investigating allegations of fraudulent appropriation of property, tax evasion, and property appropriation in Dong Nai province and Ho Chi Minh City.
On April 8 and 10, 2023, Tran Qui Thanh and his daughters, Tran Uyen Phuong and Tran Ngoc Bich, were prosecuted for abusing trust to appropriate property under Article 175 of the Penal Code.
The investigation was initiated following a petition by citizens in Ho Chi Minh City and Dong Nai Province, accusing the accused of committing fraud to appropriate properties, including real estate projects of high value, from November 2020. The accused allegedly transferred projects and business shares, evaded taxes, and caused damage to Kim Oanh Dong Nai Investment and Development Joint Stock Company, amounting to over 1,000 billion VND.
The investigation was suspended in November 2022 due to the investigation time limit expiration and the need for further clarification. However, the case was reopened in March 2021 following a denunciation by the General Director of Kim Oanh Dong Nai Investment and Development Joint Stock Company and others. The investigation has made significant progress since then, leading to the recent decisions to prosecute and arrest the accused.
On April 10, 2023, the Investigative Police Agency of the Ministry of Public Security executed the arrest warrant for Tran Qui Thanh and Tran Uyen Phuong and organized a search of their residence and workplace at nine locations. The investigation is ongoing, and more information is expected to emerge as the case progresses.
The charges against the accused are serious and if convicted, they could face significant fines and prison sentences. The case serves as a reminder of the importance of transparency and accountability in business dealings and the consequences of fraudulent activities. The recent developments in the case are a positive step towards bringing those responsible for the alleged crimes to justice. The investigation has been thorough and professional, and the authorities are committed to ensuring that justice is served.