The investigative agency of the Ministry of Public Security has completed the supplementary investigation and transferred the case file to the same-level People’s Procuracy, proposing the prosecution of Mr. Tran Qui Thanh (Chairman of the Board of Directors of Tân Hiệp Phát Trading and Services Co., Ltd) and his 2 daughters, Tran Uyen Phuong and Tran Ngoc Bich (residing in Binh Thanh District, temporary residence in Binh Duong Province) for the offense of “Abusing trust for misappropriation of property.”
The supplementary investigation concluded that, taking advantage of the loan provisions, transfer contracts, Tran Qui Thanh, Tran Uyen Phuong, and Tran Ngoc Bich lent money with interest rates below the threshold for criminal liability under Article 201 of the 2015 Penal Code, but did not make any collateral loan contracts.
Tran Qui Thanh and his children forced the borrowers, both businesses and individuals, to sign transfer contracts for projects, project shares, or real estate at prices significantly lower than their actual value in accordance with the law.
Defendant Tran Qui Thanh.
When the owners of the properties (borrowers) had concerns about borrowing money, but had to sign transfer contracts, Tran Qui Thanh and his 2 daughters provided information to build trust in their reputation and financial potential, promising to repay the principal and interest with legitimate loan interest, by issuing deposit receipts for the purchase of projects and real estate, promising full repayment.
When the owners of the properties (borrowers) transferred their assets to Tran Uyen Phuong and Tran Ngoc Bich, following the instructions of Tran Qui Thanh, the assets were quickly transferred to their names to gain control and decide on the properties (real estate, capital contributions, shares).
At the same time, when the owners of the properties (borrowers) fulfilled their debt obligations, by repaying the principal and interest as agreed, Tran Qui Thanh and his children used deceptive means (presenting unreasonable reasons to refuse to pay, not returning the properties, claiming that the owners had violated contract terms so they lost the right to repurchase…) or created reasons (forcing the owners to pay additional money, not allowing partial payments but requiring full repayment of the principal…) to intentionally avoid payment and misappropriate the properties.
The supplementary investigation concluded that, using the above-mentioned methods from January 2019 to November 2020, Tran Qui Thanh and his accomplices committed the offense of “Abusing trust for misappropriation of property” against 4 victims, including 2 projects, Minh Thanh and Nhon Thanh, of Ms. Dang Thi Kim Oanh; 29 parcels of land separated from parcel 452 of Mr. Nguyen Van Chung; 4 parcels of land of Mr. Lam Son Hoang, and 2 parcels of Mr. Nguyen Huy Dong, with a total value of over 1.048 trillion VND.
