The Police Investigation Agency of Thai Nguyen Province is currently investigating a case involving Tran Ngoc Sinh, born in 1985, residing in Ward 4, Quyet Thang District, Thai Nguyen Province. The case pertains to charges of “Fraud to Appropriate Property” and “Tax Evasion” that occurred between 2021 and 2023 within the 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 of the company.
Activities of Tran Ngoc Sinh.
To execute his fraudulent scheme, Sinh offered an investment policy for joint real estate purchases and management, promising high monthly returns, along with attractive promotional policies and commission rewards. These incentives were designed to lure investors into signing investment and real estate management contracts with Vietnam Real Estate Joint Purchase Corporation and transferring funds to Sinh.
However, after receiving the investment capital from victims, Sinh misappropriated the funds for personal expenses, debt repayment, and used subsequent investors’ money to pay returns to earlier investors.
Through this scheme, from January 2021 to April 2023, Tran Ngoc Sinh signed 60 real estate investment and management contracts with 35 investors in Thai Nguyen Province, embezzling over 6.5 billion VND. Currently, Sinh is unable to repay the funds.
To aid in the investigation, prosecution, and trial of the case, the Police Investigation Agency of Thai Nguyen Province is publicizing Sinh’s fraudulent methods to inform the public and encourage the reporting of his criminal activities.
Victims of this case are urged to contact the Police Investigation Agency (Economic Police Department) of Thai Nguyen Province at 27 Hoang Van Thu Street, Phan Dinh Phung District, Thai Nguyen Province. Please reach out to Investigator Nguyen Hoai Nam at 0989.878.953 for guidance and resolution in accordance with the law.
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