Handing over the temporary detention decision to Nguyen Nhu Nam for investigation
On September 11, the Economic Police Department of Quang Binh Provincial Public Security persuaded, received, and transferred the wanted person Nguyen Nhu Nam (born in 1989, residing in Dong Xuan, Dong Hung, Thai Binh) from Thai Binh to Quang Binh for investigation.
Previously, in 2022, Nguyen Nhu Nam, under the guise of being the Deputy General Director of Newpot International Co., Ltd., convinced several individuals in Quang Binh Province to sign contracts to become agents and distributors of sanitary equipment. After signing, Nam collected a total of over VND 500 million from four individuals to provide goods.
However, after receiving the money, Nam only partially fulfilled the signed contracts. He then appropriated the remaining amount of over VND 390 million for personal use and fled.
On August 23, 2024, the Investigation Agency of Quang Binh Provincial Public Security issued a wanted notice for Nguyen Nhu Nam for fraud and appropriation of assets.
The Investigation Agency of Quang Binh Provincial Public Security called on relatives and friends to urge Nam to turn himself in. After days of police investigation and persuasion, the subject surrendered.
Former Eximbank Branch Deputy Director Faces Trial for $117 Million Fraud
As the former Vice Director of the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) – Ba Dinh Branch, accused Vu Thi Thu Nhung, employed a myriad of deceptive tactics to defraud 100 victims of 2.7 trillion VND. The funds were purportedly intended for bank deposits and the purchase of auctioned assets.
Recovering 24 Trillion VND in ‘Misallocated’ Benefits for War Veterans
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American Hao Real Estate Development JSC is the sole investor in the Sen Ho Urban Area project, located in My Hao town, Hung Yen province. With a total investment of VND 6,956 billion, the company is committed to transforming this project into a thriving urban oasis.
