Many F88 headquarters in Ho Chi Minh City were "touched" by the police, the CEO revealed his "back"

Recently, the fact that F88 Business Joint Stock Company was widely investigated by the police is the focus of public discussion. In the latest development, after a number of F88 branches in Ho Chi Minh City were searched by the Ho Chi Minh City police, the representative of F88 company also spoke for the first time about the incident.

Accordingly, F88 said that at 10:00 am on March 6, 2023, the F88 office in the city branch. Ho Chi Minh City has recorded the incident of the authorities coming to the office. According to initial information, the authorities came to work to collect information for the investigation related to an employee of F88.

After receiving the information, the Company's leadership directed the relevant departments to coordinate with the authorities to provide information to investigate and clarify the incident. "F88 is very sorry about this incident, F88 Company is doing business in the field of lending in the form of mortgage of assets licensed in accordance with the law. All activities of F88 are based on the process, strict regulations of the Company, based on the principle of compliance with the law", the notice of F88 said.

As for the employees under investigation, this company said that it will commit to taking strict disciplinary measures for cases where the employees do not follow the Company's procedures and violate the provisions of the law. . "Currently, F88 is closely monitoring and coordinating to provide information with the authorities to investigate and clarify the incident," emphasized Mr. Phung Anh Tuan, Chairman of the Board of Directors and General Director of F88.

Before that, on the morning of March 6, the Ho Chi Minh City Police, in coordination with the Go Vap District Police and the Criminal Investigation Department of Social Order (C02, Ministry of Public Security) launched a blockade of a building on Nguyen Oanh Street, Ward 17, Go Vap District to search. It is known that this building is a branch office of F88 Investment Joint Stock Company.

Not only the branch office of F88 Company in Go Vap district, many other branches of this company in Ho Chi Minh City were also coordinated by the City Police with the police of the district and city. Thu Duc searched, such as branch office of F88 company on Tran Quang Khai street (District 1), branch office of F88 on Do Xuan Hop street, Kha Van Can street (Thu Duc city), branch on Nguyen Van Qua street (Thu Duc city). District 12), branch on Le Trong Tan street (Tan Phu district)...

In addition, before the F88 headquarters in Ho Chi Minh City was searched for a few days, there were also rumors that F88 had "backers", so there were rapid expansion steps, calling for foreign capital easily. so easy.

Facing rumors, Mr. Phung Anh Tuan, General Director of F88 Business Joint Stock Company said: "It is not a new rumor, there has been such information for a long time and we are familiar with it! Because we are in the business. Business is a sensitive industry in society, so when we can do it, people don't believe it, so we've heard rumors. should".

"F88 is an enterprise licensed to operate in accordance with the provisions of Vietnamese law. The enterprise always ensures compliance with policies, pays taxes and fulfills obligations to the State budget and is audited annually by international auditing company International funds operate objectively, there is no such thing as being influenced by someone, only when they see a profitable opportunity or business value will they invest. F88 is backed by 5,500 employees, so it helps us develop so well," he humorously shared.

F88 Business Joint Stock Company is owned almost entirely by F88 Investment (F88 Investment) - the company has successfully raised capital from Mekong Capital in 2016 and Granite Oak fund in 2018. Most recently, the Company received Series C investment from 2 international investment funds, Vietnam - Oman Fund (VOI) and Mekong Enterprise Fund IV, of which VOI contributed USD 30 million.

F88 provides mortgage lending and unsecured lending services. Items that can be used as a pledge include: motorbikes, cars, motorbike registrations, car registrations, phones, laptops, jewelry... Later, this company also expanded its portfolio. life insurance product for users when linked with Mirae Asset Prévoir.

Phung Anh Tuan - portrait of the boss behind F88: From hacker to CEO of a million dollar "pawn" chain N.P17:04:27 07/03/2023Once a famous hacker in Vietnam, Phung Anh Tuan then had a chance to start a business. From not being able to pay staff salaries to pawn, Phung Anh Tuan then gradually saw the potential from the job and from there became a million-dollar CEO. Phung Anh Tuan (nicknamed Tuan Pat)...