Calling for Two Fugitives to Turn Themselves In
On November 28, the Supreme People’s Procuracy of Vietnam issued an indictment to prosecute 38 defendants involved in a case of buying and selling invoices and violating accounting regulations, which caused serious consequences at Hanoi Thanh An Company, Danh Medical Equipment Company, Trang Thi Medical Equipment Company, and related entities.
Among the accused, six individuals, including Nguyen Dang Thuyet (General Director of Hanoi Thanh An Company), his wife Nguyen Nhat Linh (DOB: 1986), Nguyen Thi Hoa (accounting supervisor of the three aforementioned enterprises), Nguyen Quy Khai (DOB: 1986, Director of Doanh Company), Bui Thi Mai Huong (Chief Accountant of Doanh Company), and Do Thi Hoa (former Chief Accountant of Hanoi Thanh An Company), were charged with “Violating accounting regulations, causing serious consequences.”
Fugitives Nguyen Thi Hoa and Nguyen Dang Thuyet are currently at large.
In relation to this case, as of now, Nguyen Dang Thuyet and Nguyen Thi Hoa remain fugitives.
The Procuracy stated that the Investigation Agency has issued arrest warrants and is calling for the fugitives to turn themselves in to receive lenient treatment from the Party and the State. By doing so, they can also cooperate in the investigation to ensure their right to defense in accordance with the law. If they fail to surrender, they will be considered as waiving this right and will be investigated, prosecuted, and judged accordingly.
Massive Tax Loss
According to the indictment, Hanoi Thanh An Company, Danh Company, and Trang Thi Company used 19,167 fake invoices to declare value-added tax deductions for goods and services purchased, resulting in a reduction in value-added tax payments and causing a loss to the state budget.
Regarding corporate income tax, the indictment determined that the above three companies also used fake invoices (without actual goods or services) purchased from various companies and business households to account for their financial statements and calculate taxable income.
The indictment concluded that the total loss to the state budget in this case amounted to more than 743 billion VND (approximately $31.7 million), including value-added tax of 62 billion VND ($2.6 million) and corporate income tax of over 680 billion VND ($29 million).
The prosecution agency asserted that Nguyen Dang Thuyet, as the owner and direct manager of Hanoi Thanh An Company, Danh Medical Equipment Company, and Trang Thi Medical Equipment Company, had directly instructed the three companies to maintain two sets of financial accounting books using the FAST software with the intention of evading taxes. Therefore, he bears primary responsibility for these violations.
Some of the accused in the case.
Nguyen Thi Hoa, as the accounting supervisor of the three companies, was tasked with planning and predicting the amount of tax to be paid for the year. These figures were not based on actual transactions and were inflated by the inclusion of fake invoices to reduce taxable income.
Bui Thi Mai Huong and Nguyen Thi Hoa were entrusted by Thuyet with managing the digital signatures (TOKENs) required for tax reporting and issuing electronic invoices. After preparing the tax and financial reports, the group’s leadership would approve them, and subordinates would use the digital signatures to submit them to the tax authorities.
Previously, in August 2024, the Investigation Agency issued conclusions and proposed prosecuting Mr. Thuyet and his accomplices for one of the two aforementioned crimes.
However, the Supreme People’s Procuracy returned the case file, suggesting that the actions of some of the accused exhibited signs of “tax evasion.” This was based on the tax audit findings, which determined that Hanoi Thanh An Company, Danh Company, and Trang Thi Company used 19,167 fake invoices to declare taxes, causing a loss of over 743 billion VND ($31.7 million) in value-added tax and corporate income tax to the state. This tax loss resulted from Nguyen Dang Thuyet and his accomplices’ purchase of 19,167 fake invoices from 110 companies and business households.
Following further investigations, in mid-November 2024, the Investigation Agency maintained its initial conclusions.
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