Mass Prosecution of Directors, Accountants for Illegal Invoice Trading
On April 29, the District 10 Police (HCMC) initiated prosecution proceedings against a series of defendants, including directors and accountants involved in an invoice trading ring worth over 2,500 billion VND, led by Nguyen Xuan Vinh (born in 1977, residing in District 10) for the crime of “Illegal Trading of Invoices.”
The investigation determined that Nguyen Xuan Vinh and his accomplices established, managed, and operated 26 “ghost” companies in District 10 and neighboring areas for the purpose of illegally trading VAT invoices.
From 2020 to present, through 12/26 “ghost” companies, Vinh’s group issued over 12,000 VAT invoices to hundreds of businesses in HCMC and neighboring provinces.
The total amount of false declarations amounted to over 2,500 billion VND, resulting in illicit profits of tens of billions of VND. Vinh’s group employed the tactic of acquiring legal entities of companies established by others or collecting ID cards from multiple individuals.
Subsequently, the group exploited the lenient policies for business registration to establish “ghost” companies for the illegal trading of VAT invoices.
When declaring taxes, Vinh’s group falsely declared the value of purchased goods to be nearly equal to the value of goods sold to avoid suspicion and detection by authorities.
On January 11, the police arrested Vinh and 4 others. Expanding the investigation, the police identified numerous businesses that purchased invoices from Vinh’s ring for use in financial and accounting activities, tax reporting, and other violations of legal regulations.
Law enforcement executing the detention order against Nguyen Tuan Linh and Do Hoang Quan.
Prosecution, Detention of 2 Production and Sale of Counterfeit Goods Directors
The Ha Giang Provincial Police Department has initiated prosecution and detention of the Directors of Alpha Gold International Technology Company Limited and Bio – Floc Company Limited.
Based on the results of the investigation, the Criminal Police Agency of the Ha Giang Provincial Police Department issued a Decision to initiate criminal proceedings, prosecute the defendants, and detain them for 4 months for “producing and trading counterfeit goods” as stipulated in Article 192 of the Criminal Code.
The defendants are: Nguyen Tuan Linh, born in 1993, residing in Group 10, Viet Quang Town, Bac Quang District, Ha Giang Province, Director of Alpha Gold International Technology Company Limited, and Do Hoang Quan, born in 1985, residing in Lien Hiep Commune, Phuc Tho District, Hanoi City, Director of Bio – Floc Company Limited.
Initial investigation results indicate that since 2022, Nguyen Tuan Linh and Do Hoang Quan have been cooperating in the business activities of aquaculture feed and aquaculture environment treatment products.
However, the two defendants colluded in fraudulent and deceptive acts, attaching fake labels indicating the origin of the products, and selling products through e-commerce platforms and social media to illegally profit with a substantial amount of money.
The case is currently under further investigation to clarify the facts.
