Nguyen Thi Nhu Loan: Cuong Do La's mother, General Director of Quoc Cuong Gia Lai, has just been arrested

Ms. Nguyen Thi Nhu Loan was born in 1960 in Binh Dinh, is a lucky businessman in a mountain town, and built the Quoc Cuong Gia Lai empire. She is also known as the mother of businessman Nguyen Quoc Cuong, also known as Cuong Do La.

On July 19, the Ministry of Public Security said that the Police Investigation Agency had issued a decision to prosecute the defendant, an order to arrest the defendant for temporary detention, and a search warrant for Ms. Nguyen Thi Nhu Loan, general director of Quoc Cuong Joint Stock Company. Gia Lai, in the case occurring at Vietnam Rubber Industry Group, Dong Nai Rubber Company, Ba Ria Rubber Company, Ministry of Natural Resources and Environment and related units.

The same morning, dozens of mobile police, investigators and prosecutors executed a search warrant at Ms. Loan's residence at the villa on Tran Quoc Thao Street, District 3; with many boxes of documents and papers seized to serve the investigation.

The Ministry of Public Security said that Ms. Nguyen Thi Nhu Loan was prosecuted and detained for violating regulations on management and use of state assets causing loss and waste, prescribed in Clause 3, Article 219 of the Penal Code. the.

It is known that in the process of expanding the investigation of the case of Violation of regulations on management and use of State assets causing loss and waste, occurring at Vietnam Rubber Industry Group, Dong Rubber Company Nai, Ba Ria Rubber Company and related units of the land project 39-39B Ben Van Don, District 4, larger than 6,200 m2, CO3 have made this move.

The Police Investigation Agency of the Ministry of Public Security is consolidating documents and evidence regarding the violations of the defendants who have prosecuted, and at the same time, continuing to expand the investigation of the case, clarifying other violations of the Company. Quoc Cuong Gia Lai Joint Stock Company and related units and individuals apply legal measures to thoroughly recover assets for the State.

Before being arrested, Ms. Nguyen Thi Nhu Loan was once considered a 'female general' of QCG, holding the greatest power at this company. Ms. Loan started her business in the 90s with Quoc Cuong Gia Lai Private Enterprise, the predecessor of Quoc Cuong Gia Lai Joint Stock Company (QCG). This company's starting point was to provide round wood, sparrow wood, processed wood... then expanded its business to other fields such as growing coffee, cashew, and fertilizer with more than 500 employees.

From this enterprise, Ms. Loan contributed capital and established Quoc Cuong Private Enterprise Company in Gia Lai (predecessor of Quoc Cuong Gia Lai as it is now). Along with Mr. Doan Nguyen Duc (aka Mr. Duc), Ms. Nguyen Thi Nhu Loan became one of the two largest wood merchants in Gia Lai. The success of wooden products helped her accumulate finances to expand her business.

Under Ms. Loan's leadership, Quoc Cuong Gia Lai has expanded into many other fields such as real estate, rubber, hydropower and construction. Ms. Loan is known as the "soul" of the company, helping the company overcome many difficulties to turn Quoc Cuong Gia Lai into one of the major enterprises in the real estate sector.

Realizing the influence of agriculture on the area, she switched to the field of providing nutrients for plants, especially fertilizer. Although not as profitable as the wood industry, this opened up opportunities for her in the real estate sector.

An important milestone for Ms. Loan was in 2005, when the fertilizer business was not successful and a customer who owed m.oney to the enterprise wanted to transfer a plot of land, Ms. Loan and her partner invested in this land, betting on it. marks the transition to the real estate sector. By establishing Hoang Anh Co., Ltd., Ms. Loan began her land business journey and then sold her shares in Hoang Anh to focus on building her own empire.

In March 2007, with a charter capital of 259 billion VND, Ms. Loan's company officially transformed into Quoc Cuong Gia Lai Joint Stock Company. Since then, Ms. Loan simultaneously held the position of President and General Director of this enterprise for 13 years.

From the prominent real estate field, Ms. Nguyen Thi Nhu Loan and Quoc Cuong Gia Lai have quickly expanded their activities to many other fields, especially the construction field.

In 2012, her company successfully built 3 Iagrai hydroelectric units with a capacity of up to 10.8 MW. In addition, she also expanded into the field of rubber growing in the Central Highlands, owning more than 4,000 hectares of rubber in Chu PRong district and more than 3,000 hectares in Cambodia.

Ms. Loan is considered a person with strategic vision and decisiveness, contributing to bringing QCG to its position before being entangled in the prosecution case. With the assets she has built over many years, Ms. Loan has reached the top 100 "typical Vietnamese businesswomen" and received the "Golden Rose" trophy, top 15 richest people on the Vietnamese stock exchange, top 50 women. richest woman on Vietnam stock exchange in 2010 and 2011...

Despite being so rich, Cuong Do La's family is quite secretive, even Ms. Nhu Loan's husband and daughter have never appeared in the media. According to the group's annual management reports, there is no mention of Ms. Nhu Loan's husband.

But the images recorded at the time of businessman Nguyen Quoc Cuong's wedding partly revealed the man accompanying the rich woman. Specifically, people saw Mr. Lai The Ha - Vice Chairman of the group and Ms. Nhu Loan appearing as representatives of the groom's family. This is more clearly shown in the wedding invitation of the couple Cuong Do La and Dam Thu Trang.

It is known that Mr. Lai The Ha was born in 1956, 4 years older than the rich woman. He has accompanied her since the group was just a private enterprise and became her "support" many years ago.

Cuong Do La's mother only finished 12th grade, without a university degree, but still became a billionaire, why? An Nhi16:05:34 24/07/2024Businesswoman Cuong Do La's mother - Ms. Nguyen Thi Nhu Loan is a famous business tycoon and owns a huge fortune. However, in the past, she only completed 12th grade and never had a university degree that attracted many people's attention.