The trick of the "female tycoon" to swindle loans of tens of billions of dong

On September 26, Da Nang City Police prosecuted the defendant Le Thi Thu (48 years old, residing in Nai Hien Dong ward, Son Tra district, Da Nang) for the crime of Fraudulent appropriation of property.

According to initial investigation, Thu and Ms. LTTH (47 years old, residing in Tho Quang ward, Son Tra district) have a hometown relationship.

Le Thi Thu at the police station (Photo: Da Nang Police).

In December 2020, Thu announced that she needed money to trade gold and asked to borrow from Ms. H. To borrow a large sum of money, Thu invited Ms. H. to Ho Chi Minh City to see the gold trading establishment to gain trust. In fact, Thu knew that during the complicated Covid-19 epidemic, Ms. H. could not go.

Trusting her fellow countrymen, from June 2021 to November 2021, Ms. H. lent Thu a total of 20.4 billion VND via bank transfer, with a loan term of 5-30 days. Each time she borrowed, Thu wrote a loan contract.

According to the agreement, Thu paid interest regularly to Ms. H. In fact, the loaned money was not used by Thu for gold trading but to pay interest on other debts or to pay interest to the victim herself.

On November 11, 2021, Thu used the excuse of business losses and bankruptcy to lose the ability to pay the entire amount borrowed.

According to Da Nang Police, Thu returned more than 13.8 billion VND to Ms. H. and appropriated more than 6.6 billion VND that she had borrowed.

In addition to Ms. H.’s case, the police have received five other complaints related to Thu’s fraudulent appropriation of property. Most of the victims are relatives, fellow countrymen, and colleagues of Thu’s husband, who lent her between 300 million and nearly 2 billion VND.

Source: https://dantri.com.vn/phap-luat/chieu-tro-cua-nu-dai-gia-lua-vay-hang-chuc-ty-dong-20240926152353441.htm