Hanoi police on August 4 announced that the Hanoi City Police Agency for Investigation and Prosecution has decided to initiate legal proceedings and prosecute Stephen Ward Kim (born 1961, American citizen) for tax evasion.
Previously, through local surveillance, the Hanoi City Police Department of Economic Security discovered suspicious signs of legal violations by Durian Limited Company, headquartered in Vat Lai, Ba Vi (old), Hanoi.
The investigation revealed that this is a foreign-owned enterprise with Stephen Ward Kim as its legal representative. Durian Company mainly operates in the field of importing raw materials and accessories for garment processing for export abroad in the form of temporary import and re-export.
Stephen Ward Kim (inset) and Durian Company headquarters – Photo: Hanoi Moi
The investigating agency determined that, taking advantage of the tax exemption policy for imported goods for export processing (re-export), Mr. Stephen Ward Kim directed Durian Company to commit acts of false declaration compared to reality on export declarations on subjects exempt from tax and non-taxable subjects prescribed by law to evade taxes with a total value of more than 3.2 billion VND.
Based on the collected documents, the Hanoi City Police Agency for Investigation and Prosecution has decided to initiate legal proceedings, prosecute and detain Stephen Ward Kim for tax evasion.
Currently, the Hanoi City Police Agency for Investigation and Prosecution is continuing to investigate and expand the case.
Article 200 of the 2015 Criminal Code (amended and supplemented in 2017)
1. Any person who commits one of the acts of tax evasion prescribed by tax law with an amount of evaded tax from VND 100 million to less than VND 300 million… shall be subject to a fine of between VND 100 million and VND 500 million or imprisonment from 3 months to 1 year.
- a) The amount of tax evasion is from VND 300 million to under VND 1 billion;
- b) Committing the crime twice or more;
- c) Taking advantage of the position and power;
- d) Committing the crime in an organized manner;
- e) Using sophisticated tricks;
- f) Dangerous recidivism.
- a) The amount of tax evasion is VND 1 billion or more;
- b) Taking advantage of the position and power;
- c) Using sophisticated tricks;
- d) Dangerous recidivism.
The Ultimate Guide to Online Privacy: Securing Your Personal Data from Hackers and Scammers
“In an era where our digital footprints paint a vivid picture of our lives, the protection of personal data is no longer optional but a mandatory requirement for all citizens, as emphasized by law enforcement agencies. It is a fundamental right and a necessary step to safeguard our privacy and security in the digital age.”
“Strict Action Against Deliberate Cash Payments to Evade Taxes”
In recent times, there has been a noticeable surge in cash transactions, which has adverse effects on the economy. This rise in cash dealings can lead to a host of issues, including economic inefficiencies, resource wastage, and the potential for money laundering and tax evasion.
The Shady Scheme of the Directors: Legalizing Modified Vehicles at the Inspection Center
“A sophisticated scam has come to light, with Luong and Vuong at the center. The duo has been purchasing fake renovation design profiles from various companies, each costing between $200 and $350, to legitimize their renovation completion procedures. This devious scheme underscores their willingness to go to great lengths to cut corners and circumvent the proper channels.”
The Shark Tank Scandal: Unraveling the Mystery at Shark Thủy’s Company
The Investigation Police Agency of the Ministry of Public Security has issued a decision to supplement the decision to initiate a criminal case on “Bribery and Acceptance of Bribes” involving Egroup Joint Stock Company, Nhat Tran Commercial Services Joint Stock Company, and several related units.
The Ultimate Guide to Mastering E-commerce and Social Media Sales: Strategies for Success in the Digital Age
Vice Prime Minister Nguyen Hoa Binh has ordered a strict crackdown on cross-border e-commerce platforms, especially those dealing in low-cost transactions, as well as popular social media sites like Facebook, Zalo, and TikTok, which are often used for online trading and commerce. He emphasized the need to closely monitor major wholesale markets, shopping centers, agencies, and e-commerce platforms to ensure compliance with regulations.
