The Police Investigation Agency of Thai Nguyen Provincial Police is investigating a case involving Tran Ngoc Sinh, born in 1985, residing at Organization 4, Quyet Thang Ward, Thai Nguyen Province. The case pertains to charges of “Fraudulent Appropriation of Property” and “Tax Evasion” that occurred between 2021 and 2023 in Thai Nguyen Province.
According to police records, on January 12, 2021, Tran Ngoc Sinh established Vietnam Real Estate Joint Purchase Corporation, where he served as the CEO and legal representative.
Activities of Tran Ngoc Sinh. Photo: Thai Nguyen Police
To execute his fraudulent scheme, Sinh promoted a high-profit real estate joint investment and management program, offering monthly returns and attractive incentives to lure investors. He encouraged them to sign investment and management contracts with Vietnam Real Estate Joint Purchase Corporation and transfer funds to him.
However, after receiving the investment capital, Sinh misappropriated the funds for personal expenses, debt repayment, and used subsequent investors’ money to pay returns to earlier investors.
Activities of Tran Ngoc Sinh. Photo: Thai Nguyen Police
Through this scheme, from January 2021 to April 2023, Tran Ngoc Sinh signed 60 investment and management contracts with 35 investors in Thai Nguyen Province, defrauding them of over 6.5 billion VND. Currently, Sinh is unable to repay the funds.
To aid the investigation, prosecution, and trial of the case, the Police Investigation Agency of Thai Nguyen Provincial Police is publicizing Sinh’s fraudulent methods. The public is encouraged to provide information or report any related criminal activities.
Victims of this case are urged to contact the Economic Police Division of Thai Nguyen Provincial Police at 27 Hoang Van Thu Street, Phan Dinh Phung Ward, Thai Nguyen Province. Please reach out to Investigator Nguyen Hoai Nam at 0989.878.953 for guidance and resolution as per legal provisions.
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