Who is Dinh Cong Dat - CEO of S.Tix Coffee accused of cheating 200 billion, currently missing?

Dinh Cong Dat - the young CEO of S.Tix Coffee is making many investors worry when suddenly "evaporating", closing a series of stores and paying the company's headquarters.

Successful 9X entrepreneur with big ideas

Previously, Dinh Cong Dat was known as a successful young businessman when he established himself a coffee business in September 2018 with a charter capital of VND 50 million. By February 2020, this company increased its capital to VND 2 billion. On the National Business Registration Portal, S.Tix Coffee is still in operation.

Through the official website of S.Tix Coffee Co., Ltd., it is known that Dinh Cong Dat was born in 1994, born in Binh Dinh, graduated with a major in Hotel and Restaurant Management. On the website, Dinh Cong Dat is introduced as a person who "began to come into contact with reality and life with part-time jobs and social activities early on" and also a person who "knows how to grasp the opportunity" opportunities, bravely pursuing passions, facing difficulties and challenges, and most importantly, having big dreams and ambitions wishing to contribute to changing the face of Vietnam's coffee industry and raising the brand's position. Vietnamese coffee brand on the international map".

It is known that the S.Tix Coffee brand started from small coffee shops located on the roadside, then gradually formed a two-storey shop located in District 10, Ho Chi Minh City. After 2 years of development, S.Tix Coffee has more than 300 points of sale and 4 stores stretching from North to South. Dinh Cong Dat has shared many times the secret to success with the S.Tix Coffee brand with the words bold business philosophy: "Not in general about refreshments, in the Vietnamese coffee market, he said: Currently, there are countless brands alone. However, not all brands have the necessary attention from the very beginning."

"I want to bring to customers the pure experience of 100% clean coffee beans. Combined with a series of unique recipes mixed with milk or a variety of other ingredients to create a new menu of drinks. , attractive compared to the general market". Dinh Cong Dat also often shares about future plans such as expanding the business scale of S.Tix Coffee with a chain of stores not only in Ho Chi Minh City but also at home and abroad.

Not only stopping at the coffee business, at the beginning of 2021, Dinh Cong Dat also shared with PV Dan Viet ideas to build a "Peaceful Village" in Lam Dong in the Japanese style with dark architecture. Simple and elegant, bringing a feeling of closeness to nature and comfort. "Yen Binh Village" was conceived by Dinh Cong Dat with an overall campus consisting of only a few dozen houses designed with a focus on landscape, shady trees, and a very spacious garden. In addition, Dinh Cong Dat also cherished establishing his own charity fund for children - building schools, supporting equipment and facilities for education.

Suddenly "evaporated" with an investment of more than 200 billion

Such great ideas, but unexpectedly, Dinh Cong Dat suddenly "evaporated" with an amount of up to 200 billion VND that hundreds of investors poured into this coffee chain. All stores are closed and even the company headquarters has been cleared. With the promise of a profit of up to 30% per year, many investors are ready to mortgage their houses to borrow capital from banks. However, many investors said that after receiving a little profit as agreed, in July, the company began sending notices to suspend payments.

After investors stressed, S.Tix Coffee sent an email to investors demanding payment in 3 years. And up to now, no one can contact Dinh Cong Dat as well as S.Tix Coffee Co., Ltd. Tuoi Tre Online said, soon after, many investors sent a complaint against S.Tix Coffee to the District 10 Investigation Police Agency (capital under VND 500 million) and the Police Department to investigate crimes on corruption. corruption, economy, smuggling Ho Chi Minh City (capital of over 500 million dong).

Mr. NPH (25 years old, residing in Ho Chi Minh City) works as a self-employed businessman - one of the investors said that when investors searched for information about Dinh Cong Dat and his family, he learned the This person has long since left the place of residence. Along with that, all assets such as houses and vehicles were dispersed.

According to Mr. H., besides big investors up to tens of billion dong, Dinh Cong Dat also tricked small investors such as technology drivers, laborers... retail" at the price of 30-40 million VND/point of sale for each contract. For the people who do manual labor, this money is probably the whole fortune that they have accumulated.

When asked about the recent move of S.Tix Coffee, Mr. H. said: "In recent days, Dinh Cong Dat's side has sent by post a negotiation contract to pay the investment amount. Within 3 years, At the same time, threaten the investor not to sue or denounce, otherwise it will not pay any amount.

Mr. H. also said that although he and many other people have sent denunciations to the authorities, so far, they have not received any response: "This is not a case. I and the investors are looking forward to the authorities to quickly consider and solve it as soon as possible."

Currently, the whereabouts of Dinh Cong Dat is still unknown, and his Facebook page is also inaccessible. Meanwhile, all 6 cafes and S.Tix's office in Ho Chi Minh City have paid ground and liquidated assets. On the official fanpage of S.Tix Coffee, the brand announced that it was temporarily closed due to "many problems in the operation process as well as unstable human resources".

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