Suspects arrested in Phase 2 of the Special Case
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Phase 2 of the special case investigation into a criminal network involved in “Money Laundering, Illegal Trading of Bank Account Information, Forgery of Seals and Documents of Agencies and Organizations, and Use of Forged Seals and Documents” was initiated by the Da Nang Police in January 2025. To date, the Economic Police have initiated a criminal case and prosecuted an additional 20 defendants.
Notably, three bank employees were accused of colluding with criminals to open accounts for a series of shell companies, facilitating fraud and money laundering. The total transaction value in this network is estimated at nearly VND 30,000 billion, with foreign exchange transactions accounting for approximately VND 300 billion.
Hundreds of businesses and thousands of billions of VND were legalized
Previously, in Phase 1 of the special case, the Da Nang Police prosecuted 13 defendants for “Money Laundering”, “Illegal Trading of Bank Account Information”, and “Forgery and Use of Seals and Documents of Agencies and Organizations”.
The investigation identified that from 2022 to the end of 2024, T.Q.T. (born in 1989, residing in old Da Nang) had used forged identity papers to register 187 businesses and fake seals of banks, state agencies, and notary organizations to open over 600 accounts. These accounts were then sold to criminals to circulate and legalize illegal funds from abroad to Vietnam, mainly through online gambling and fraud activities.
T.Q.T.’s network included accomplices such as N.H.M., L.H.N., and M.D. While N.H.M. was involved in registering shell companies with T.Q.T., L.H.N. and M.D. sold bank accounts and participated in fraud, appropriating nearly VND 800 million.
Bank employees and e-wallet involvement
In Phase 2, the investigating authorities raided the headquarters of several banks in Binh Duong, Hanoi, and Da Nang to gather documents and evidence. In addition to clarifying the complicity of bank employees, the police also discovered an individual using the USDT e-wallet to receive illegal funds transferred from Cambodia to Vietnam for the criminal group. This person has also been prosecuted for “Money Laundering.”
According to the Da Nang Police, the special case investigation is ongoing and will be comprehensively expanded. The authorities are focusing on dismantling the network and recovering assets to ensure compensation for damages caused by the case.
– 05:43 25/08/2025
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