The detained individuals are as follows: Pham Viet Cuong (born 1977, residing in Long Bien district, Hanoi), Vu Thi Loan (born 1981, residing in Gia Lam district, Hanoi), and Tran Thi Lien Chi (born 1977, residing in Tan Dinh ward, District 1, Ho Chi Minh City).
Investigation officers interrogating Pham Viet Cuong
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According to the investigative agency, the subjects used fake identification documents or the identification documents of others to establish shell companies (companies with no production or business operations). They then engaged in circular invoice trading to appropriate state funds.
Between July 2023 and July 2024, the subjects established over 40 companies registered in Lang Son city to illegally trade invoices. Among these, 10 companies had no input VAT invoices but issued fake output VAT invoices with a total value of over VND 11,000 billion.
Verification revealed that these companies had no signage and were not operating at their registered business locations.
Since September 2023, Tan Lang Mining and Trading Co., Ltd., based in Van Lang, Lang Son, and Vietnam Construction Materials Trading Co., Ltd., based in Hoan Kiem district, Hanoi (both of which had Pham Viet Cuong as deputy director), have not conducted any actual business operations. However, they engaged in buying and selling fake VAT invoices from 2 out of 40 shell companies, mainly for construction materials such as sand, gravel, and stone.
Cuong purchased these invoices from Tran Thi Lien Chi and another individual (whose name and address are unknown) for a total value of approximately VND 75 billion. He then resold them to companies in other provinces, profiting between 5% and 7% of the total invoice value.
During the investigation, Vu Thi Loan, the accountant for both Tan Lang and Vietnam Companies, was found to have assisted Cuong in monitoring the fake VAT invoice trading and receiving and transferring money through the companies’ accounts and her personal account.
The investigative agency is currently conducting further investigations and expanding the scope of the case.
Proposal to prosecute 4 corporate directors for causing a loss of over 16 billion VND in tax revenue
During the process of importing goods for business purposes, Mr. Doan Manh Duong (Director of Tan Dai Duong Company) has been accused of directing the misdeclaration of categories, names, and codes of the goods on the customs declaration in order to reduce the taxes payable. Additionally, he has been involved in facilitating illegal transactions between two other companies in terms of value-added tax invoices.
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