LanQ Chairman accused of embezzling more than 18 billion VND of social insurance and people's payments

The defendants in the case - Photo: Ministry of Public Security

The Investigation Security Agency, Ministry of Public Security has completed the investigation conclusion of the case of fraud and appropriation of property; bribery and bribery" occurring at LanQ Pharmaceutical Joint Stock Company and related units.

Among them, Mr. Nguyen Manh Quyen - former Chairman of the Board of Directors, General Director of LanQ Pharmaceutical Joint Stock Company, and Pham Van Cach - former Chairman of the Board of Directors of Son Lam Pharmaceutical Joint Stock Company were proposed to be prosecuted for fraud, appropriation of property, and bribery.

In the same case, the Security Investigation Agency also proposed to prosecute 18 leaders and officials of traditional medicine hospitals and medical centers across the country for accepting bribes.

The investigation concluded that LanQ Pharmaceutical Joint Stock Company operates mainly in the field of hospitals and medical stations, with a member unit being the company that owns LanQ Traditional Medicine Hospital located in Bac Giang province. LanQ Pharmaceutical is chaired by Mr. Quyen as the Chairman of the Board of Directors and General Director.

According to the accusation, Mr. Quyen discussed with Pham Van Cach to use fraudulent tricks to make Son Lam Company the only unit to win the bid to supply medicine to LanQ Hospital.

The two parties then legalized the input drug prices, settled with the Social Insurance of Bac Giang province, and shared the benefits.

From there, Son Lam Company won the bid and signed a drug purchase contract worth 54 billion VND with LanQ. While executing the contract, Mr. Quyen and Cach changed the method, agreeing to buy drugs from Hanoi CQB Oriental Medicine Joint Stock Company at a cheaper price and without invoices or documents.

Son Lam Company is responsible for issuing sales invoices according to the winning bid price, creating warehouse delivery notes, and providing packaging for LanQ to legalize input drugs. In addition to the VAT payable to the state, Son Lam will benefit from 18% of the total value of the fake invoices.

From March 26, 2020 to April 28, 2021, Son Lam Company issued 100 invoices for supplying medicine to LanQ Company with a total value of 55.7 billion VND. Of which, there were 86 fake invoices to legalize the medicine without invoices and documents that LanQ purchased from CQB Company.

Defendants Nguyen Manh Quyen (left) and Pham Van Cach - Photo: Ministry of Public Security

After legalizing the drug input, through health insurance examination and treatment activities, LanQ Company made a file and received payment of 40 billion VND from Bac Giang Provincial Social Insurance and co-payment from the people.

The investigation agency determined that in order to legitimize the cash flow of buying and selling fake invoices, LanQ Company transferred payment 25 times to Son Lam Company according to purchase invoices with a total of 51 billion VND.

After receiving the money, the defendant Cach directed his subordinates to withdraw cash from the bank account and deposit it into the LanQ Company account.

According to the investigation conclusion, defendant Quyen and his accomplices appropriated 18.1 billion VND from the illegal drug trade.

In which, Mr. Quyen committed the crime as the mastermind and leader, the remaining defendants acted as accomplices and did not benefit.

Thus, Mr. Quyen used deceitful and fraudulent tricks to appropriate 18.1 billion VND from the Bac Giang Provincial Social Insurance and from the people who paid.

RESPECT

Source: https://tuoitre.vn/chu-tich-lanq-bi-cao-buoc-chiem-doat-hon-18-ti-dong-cua-bao-hiem-xa-hoi-va-nguoi-dan-chi-tra-20250516141116462.htm