Cuong Do La's mother divided her assets equally between her son-in-law and sister, and her son only got an odd number
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While Ms. Nhu Loan - Cuong Do La's biological mother was just arrested, the online community suddenly dug up the story of her denouncing four individuals, saying she had been defrauded of 130 billion VND. The lawsuit once caused a stir. the whole world.
As reported, on July 19, the Police Investigation Agency of the Ministry of Public Security issued a decision to prosecute the defendant and detain him; search warrant for Ms. Nguyen Thi Nhu Loan - General Director of Quoc Cuong Gia Lai Joint Stock Company for violating regulations on management and use of State assets causing loss and waste.
Portrait of Cuong Do La's mother - Mrs. Nhu Loan.
Before being prosecuted and detained, Ms. Nhu Loan in the past said she was a "victim" in a lawsuit. On April 9, 2024, the Police Department of Ba Ria - Vung Tau province issued a notice about the resolution of Ms. Nguyen Thi Nhu Loan's petition - denouncing two individuals for receiving deposits to transfer 125 hectares of land in Kim ward. Palace and Long Huong ward (Ba Ria city), but the actual transferable land area is only about 16.3 hectares.
Previously, the Police Department of Ba Ria - Vung Tau province received a criminal report with the following content: Ms. Nguyen Thi Nhu Loan denounced 4 individuals residing in the city. Vung Tau has acts of fraudulent appropriation of property and tax evasion.
Accordingly, regarding the content of the agreement to transfer 125 hectares of land in Kim Dinh Ward and Long Huong Ward (Ba Ria City), the Police Department of Ba Ria - Vung Tau Province announced that Ms. P and Ms. L committed to transfer to Ms. Loan 125 hectares of land in the city. Ba Ria is unfounded because in reality the land area that these two women can transfer is only about 16.3 hectares.
Ms. Loan transferred to Ms. P and Ms. L more than 130 billion VND (including 20 billion VND in deposit, more than 5 billion VND in debt transfer and 115 billion VND transferred at the request of Ms. land, and received 4 land use rights certificates from these two people but have not yet completed transfer procedures. To date, the contract agreement has not been implemented.
Ms. Nguyen Thi Nhu Loan has been closely associated with the formation and development of Quoc Cuong Gia Lai from 1994 to present, in many different positions including the role of Chairwoman of the Board of Directors. In 2022, Ms. Loan suddenly left the Chairwoman position to hold the position of General Director.
Famous among real estate traders, but on the stock exchange, Ms. Loan almost does not execute stock buy/sell orders. The last time she traded Quoc Cuong Gia Lai shares was more than a decade ago.
On the July 19 session, right after the news of CEO Nguyen Thi Nhu Loan's arrest, Quoc Cuong Gia Lai shares fell to the floor at 9,070 VND/share - this was the 6th consecutive down session and the 7th down session. of the 10 most recent trading sessions.
Overall, from the beginning of July 2024 until now, Quoc Cuong Gia Lai shares have decreased by 33%, the business capitalization is approximately VND 2,500 billion. With the holding of more than 101.92 million Quoc Cuong Gia Lai shares, the asset value according to capitalization that the "female general" is holding is about 924 billion VND.
At the end of the first quarter of 2024, Quoc Cuong Gia Lai recorded net revenue of only nearly 39 billion VND, profit after tax of only 651 million VND. The previous year, the company even recorded revenue of only 432 billion VND (lowest in 8 years) and profit after tax of nearly 3.2 billion (lowest in 5 years). These numbers also decreased sharply compared to the same period in previous years.
On the balance sheet, out of more than 9,500 billion VND in total assets, more than 7,600 billion VND is the value of inventory and receivables. The amount of cash is only 30 billion. In other words, about 80% of the capital of Pho Nui real estate business is stuck.
Cuong Do La's mother faces a sentence of 10 - 20 years in prison, the lawyer clearly stated the crime Thanh Phúc14:57:37 21/07/2024Regarding the recent arrest and search of Cuong Do La's mother - Ms. Nhu Loan, the online community also began to be concerned about the crime and penalty she may face. A lawyer recently spoke up to explain clearly.
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