On February 20th, it was revealed that the Hanoi People’s Procuracy has completed the indictment of Pham Van Dang (born in 1991, residing in Duc Giang Ward, Long Bien District) for the crime of “Fraudulently appropriating property” as prescribed in Clause 4, Article 174 of the Penal Code.
The indictment alleges that in 2016, Pham Van Dang purchased Viettek Company with the intention of using it for fraud and misappropriation of property.
After acquiring the company, the suspect asked a acquaintance named Ms. Dang Thi M. (born in 1946, residing in Son Tay Town) to act as the Director and legal representative.
To manage the company under Ms. M’s name, Dang forged Ms. M’s signature and used this signature template with relevant authorities. He also prepared a power of attorney with the content “Ms. M authorizes Pham Van Dang to manage all activities of the company”.
During the operation of the business, Dang went online to the websites of some real estate companies such as FLC Group and Vingroup, downloaded images of their projects onto a computer. He then hired someone to insert content into the images to present Viettek Company as the investor or partner in those projects, before printing them into multiple catalogs.
Illustrative image.
According to the investigation agency, Pham Van Dang introduced Viettek Company as the investor or distributor of projects such as Binh Yen Ecotourism Area with a total investment of 100 billion VND (pending approval), Son Dong Ecotourism and Services Area with a total investment of 250 billion VND (land cleared), Manhattan Low-rise Residential Area, investment in 20 villas worth 300 billion VND at FLC Ha Long project, investment in 50 villas worth 450 billion VND at Lideco project, investment in 10 garden villas and land lots worth 200 billion VND at FLC Sam Son project, and distribution of Eco Valley Resort project…
In addition, the suspect also drafted documents with the content “recruiting real estate sales associates” in a multilevel marketing form. Each associate would receive an ID code upon joining with a participation fee of 3.5 million VND.
To gain the trust of those participating, after payment, Viettek Company would sign a real estate brokerage associate contract.
However, by the end of 2016, seeing that Dang was unable to pay the promised commission to those who had paid, many victims went to the company’s headquarters to demand payment, but Dang evaded them.
According to the Prosecution Office, from November 22nd, 2016 to January 17th, 2017, Pham Van Dang received over 2 billion VND from 34 individuals, of which he used up more than 200 million VND.
When expanding the investigation, the prosecuting agency determined that Dang also defrauded Ms. Ha Thi M. out of 1 billion VND using deceptive tactics, enticing her to invest in the construction of the Hanoi Community Healthcare Center. Immediately after investing, Ms. M was only paid 100 million VND in interest by Dang.
