The Ho Chi Minh City Police Investigation Agency has just issued a wanted order for Bui Tuan Hung (41, residing in Thu Duc City) – Chairman of the Board of Directors and co-founder of Do Thi Xanh Real Estate Development Joint Stock Company.
Previously, in mid-October 2024, the Investigation Agency initiated proceedings and detained Bui Tuan Hung on charges of “fraudulent appropriation of property” but was unable to execute the detention as Hung had fled his residence.
![]() Photo of Bui Tuan Hung. Photo: Provided by the Police |
According to the Investigation Agency, Bui Tan Hung is an accomplice of Ngo Thanh Uyn in the case of “fraudulent appropriation of property” that the unit had initiated legal proceedings on since the end of November 2021.
The investigation revealed that, from mid-2018, Uyn established companies with Bui Tan Hung and Nguyen Thi Hoang Anh (Director of Do Thi Xanh Real Estate Development JSC) to deposit and purchase land, and set up ‘ghost projects’ in Ho Chi Minh City, Long An, and Ba Ria – Vung Tau, and then signed contracts to sell land plots to customers.
The suspects required customers to pay 95% of the contract value. When they failed to fulfill their commitments, and customers demanded their money back, the suspects asked them to pay more money to change to a plot in another location or transfer the debt to the Do Thi Xanh Real Estate Development JSC, owned by Hung.
Regarding Bui Tan Hung, the investigating agency determined that the suspect, using the legal entity of the Do Thi Xanh Real Estate Development JSC, directly purchased multiple land plots in Tan An Hoi and Hoa Phu communes, Cu Chi district.
Despite knowing that the company had not completed the procedures for the transfer of land use rights and was not permitted by the authorities to subdivide the land or implement housing projects, Hung, together with Nguyen Thi Hoang Anh, collaborated with Uyn to distribute and sell land plots in these ‘ghost projects.’
The amount of money appropriated from customers is estimated to be VND 148 billion.
Nguyen Thi Hoang Anh is accused of being an accomplice in the fraud case, involved in the appropriation of VND 84 billion.
In relation to this case, so far, the Ho Chi Minh City Police Investigation Agency has initiated proceedings and detained Ngo Thanh Uyn, Nguyen Thi Hoang Anh, and two others on charges of “fraudulent appropriation of property.”
Dam De
– 15:13 25/03/2025
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