On August 23, 2024, based on investigation results, the Investigation Police Agency of Ha Giang Provincial Police decided to initiate legal proceedings and arrest and temporarily detain Nguyen Lan Huong (born in 1973, permanent residence: CT 4 Vimeco, Trung Hoa, Cau Giay, Hanoi) – Chairman of the Board of Directors of Bao Chau Pharmaceutical Group Joint Stock Company, located in Group 12, Vi Xuyen town, Vi Xuyen district, Ha Giang province.
Huong was arrested for the act of “Illegally printing, issuing, buying and selling invoices and documents for payment to the State budget”, as prescribed in Clause 2, Article 203 of the 2015 Penal Code.
The investigation results showed that Nguyen Lan Huong, Chairman of the Board of Directors of Bao Chau Pharmaceutical Group Joint Stock Company, took advantage of the State’s regulations on enterprise registration conditions, the mechanism of self-declaration and tax payment, and self-printing, issuance, management, and use of invoices to establish many “shell companies.”
Ha Giang Provincial Police reads the arrest warrant for Huong. Photo: Ha Giang Provincial Police
Huong then used these companies to establish fictitious economic contracts and issue illegal value-added invoices to legalize input and output materials and goods and enjoy value-added tax deductions for Bao Chau Pharmaceutical Group Joint Stock Company.
This behavior helped increase the value of the company’s production and business results to meet the conditions for participating in the stock market and issuing shares to attract investment capital.
In 2022 and 2023, Nguyen Lan Huong directly performed and instructed the accountant of Bao Chau Pharmaceutical Group Joint Stock Company to set up fake economic contracts and illegally issue 368 electronic invoices with a total value of VND 367 billion to serve the business accounting activities of Bao Chau Pharmaceutical Group Joint Stock Company.
The case is being actively investigated and clarified by the Investigation Police Agency of Ha Giang Provincial Police.
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