Nguyen Huu Kha (born in 1988, residing in Hanoi) and Dinh Van Tao (born in 1980, residing in Hanoi), former Chairman of the Board of Directors of Top One Joint Stock Company.
The People’s Court of Tuyen Quang Province has recently announced the opening of a first-instance criminal trial against defendant Dinh Van Tao and his accomplices on charges of “fraud to appropriate property.”
Specifically, the People’s Court of Tuyen Quang Province will commence the trial at 8:00 AM on January 26, 2026. The trial is expected to last five days, from January 26 to January 30, 2026.
The trial will take place at the headquarters of the People’s Court of Area 4 – Tuyen Quang, located at 331 Tran Phu Street, Ha Giang 2 Ward, Tuyen Quang Province.
The announcement highlights that there are 269 victims and 502 individuals with related rights and obligations involved in the case. To ensure the legal rights and interests of all participants, the People’s Court of Tuyen Quang Province has notified the victims and related parties of the trial’s time and location, urging them to attend and exercise their rights and obligations as prescribed by law.
Previously, on September 5, 2025, the People’s Court of Tuyen Quang Province accepted the first-instance criminal case file No. 61/2025/TLST-HS against defendant Dinh Van Tao and his accomplices. The People’s Procuracy of Tuyen Quang Province charged them with “Fraud to Appropriate Property” under Article 174, Clause 4(a) of the Penal Code.
The case details reveal that from 2015 to 2022, Dinh Van Tao and his accomplices at Top One Company fraudulently inflated the company’s charter capital, transforming it into a public company. They listed and sold 25,350,000 shares (stock code TOP, without guaranteed value) on the stock exchange, defrauding investors of a total amount of 64,735,740,000 VND (sixty-four billion, seven hundred thirty-five million, seven hundred forty thousand dong).
The Investigation Police Agency of Ha Giang Provincial Police (now the Investigation Police Agency of Tuyen Quang Provincial Police) identified the initial investors (F1) of Top One Company as victims and existing shareholders as parties with related rights and obligations. Consequently, they delegated the investigation to the Investigation Police Agencies of 37 provinces and cities to gather statements from victims and related parties, ensuring a thorough investigation and verification of the case.
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