Tan Hoang Minh raped over 8,000 billion, temporarily suspending business activities

From the above investigation results, on April 5, the Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute the case of fraud to appropriate property that occurred at Tan Hoang Minh Group and other organizations and units. relate to.

Regarding Tan Hoang Minh Group, currently the Investigation Police Agency of the Ministry of Public Security is investigating and verifying a number of acts showing signs of law violation in the issuance of bonds, mobilizing money from investors. investment of member companies of Tan Hoang Minh Group.

The investigation results so far have determined that Tan Hoang Minh has appropriated more than VND 8,000 billion from investors. Currently, the victims come to declare and present incomplete documents, only about 50% of the victims come to work with the investigation agency.

Major General Nguyen Van Thanh - Deputy Director of the Police Department for Investigation of Crimes on Corruption, Economy and Smuggling (C03) - said so at a press conference of the Ministry of Public Security on the afternoon of June 30.

Major General Thanh said that the investigation results so far have determined that Tan Hoang Minh has appropriated more than VND 8,000 billion from investors. Currently, the victims come to declare and present incomplete documents, only about 50% of the victims come to work with the investigation agency.

"Therefore, C03 is continuing to investigate to verify the exact number of investors who suffered damage and the amount. The refund will be done in accordance with the law. This case belongs to the Central Steering Committee. The central government on anti-corruption, negative direction, so C03 absolutely adheres to the line, "Mr. Thanh said.

Mr. Thanh said that C03 wants investors to come to the investigating agency to report and provide documents to thoroughly investigate the case. It has not been determined how many victims, if paying immediately, it is not right.

"The psychology of damaged investors is very worried, but the investigation agency will handle it transparently to ensure their interests. The investigative agency will handle it transparently to ensure the interests of the investors. Investors, will give priority to individual investors. In this case, we only investigate fraud, so investors can rest assured," said Major General Thanh.

Previously, on April 5, the Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute the accused and execute a detention order for Mr. Do Anh Dung - Chairman of the Board of Directors and General Director of Tan Hoang Group. Minh - to investigate the crime of property appropriation fraud.

In addition to being the head of Tan Hoang Minh, Mr. Dung is also the Chairman of the Board of Directors of Minh Viet Securities Investment Fund Management Joint Stock Company (from 2015 to present).

In addition to Mr. Dung, the investigating agency also prosecuted the accused, arrested and detained 6 other people, including the accused Do Hoang Viet - deputy general director of Tan Hoang Minh Hotel Trading and Service Co., Ltd, who is the son of Mr. Mr dung.

The investigation results determined that from July 2021 to March 2022, Mr. Do Anh Dung and individuals at Tan Hoang Minh Group committed fraud, using 3 member companies (First Co. Viet Star Real Estate Investment Joint Stock Company, Soleil Hotel Services and Investment Joint Stock Company, Winter Palace Joint Stock Company) and related companies, issued 9 rounds of bonds against the law, total value VND 10,300 billion, to mobilize investors' money but not to use it for business activities according to bond issuance documents.

From the above investigation results, on April 5, the Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute the case of fraud to appropriate property that occurred at Tan Hoang Minh Group and other organizations and units. relate to.

The State Securities Commission said it has issued a decision to cancel these 9 bond offerings. Tan Hoang Minh Group will also suspend business at branches in Ho Chi Minh City and other provinces across the country from July 1. This is to limit costs and collect money to pay bond investors after the leader of this group is arrested.

Accordingly, as an authorized representative, Mr. Do Hoang Minh (the eldest son of Mr. Do Anh Dung - Chairman of Tan Hoang Minh Group) has just sent a notice to the customer, about the fact that Tan Hoang Minh will temporarily suspend business operations at branches in Ho Chi Minh City and other branches across the country from July 1, 2022.

"The unfortunate incident is a big unexpected risk of the group and has negatively impacted all aspects of the group's business activities, as well as that of customers. To be able to adapt in difficult circumstances. Due to this difficulty, the Group is forced to adjust its business activities to minimize costs and financial losses.

Previously, as of May 24, Tan Hoang Minh had paid more than 296 billion VND into the custody account of the investigating agency. According to a representative of Tan Hoang Minh Group, it is expected that in June 2022, this business will arrange a total of 20% of the total amount of money investors have bought bonds. By the end of July 2022, Tan Hoang Minh is expected to arrange an additional 30-40% from the source of the project sale to soon refund investors.

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