When faith becomes a tool of crime
Nam Ban Silk Company Limited - once considered one of the typical units in the field of silk export in Lam Dong province, has taken advantage of its reputation and position to sign a series of trade contracts with many foreign enterprises, mainly from India and Hong Kong.
However, instead of fulfilling the commitments in the contract, the company's management, headed by Director Nguyen Khac H., directed systematic fraudulent acts. Specifically, this enterprise required international partners to pay in advance a portion of the contract value (usually from 20% to 30%) - a common practice in international trade. After receiving the advance payment, the company did not deliver the goods as agreed.
Since the end of 2023, due to financial difficulties and no longer being able to produce, both factories of Nam Ban Silk Company have stopped operating. However, instead of transparently informing partners, the company's leaders directed their subordinates to falsify documents related to the transportation of goods, in order to create confidence that the goods had been shipped and were on their way to delivery. Based on these fake documents, many foreign partners continued to transfer the remaining amount in the contract. However, when the delivery deadline came, they did not receive any shipments at all.
The proceeds from the contracts were not used for production, but were appropriated for personal purposes or to pay off debts. Through the investigation, the authorities determined that the initial amount of money appropriated was about 3.2 billion VND.
At the investigation agency, defendant Nguyen Khac H. admitted that his fraudulent behavior stemmed from the company's inability to pay and its heavy debts. The use of fraudulent tricks was not only a temporary solution but also for personal gain in the context of the financial crisis.
The results of the search of the workplace and residence of the two defendants have seized many related documents, contributing to strengthening the basis for determining the behavior with signs of the crime of "Fraudulent appropriation of property" as prescribed in Article 174 of the Penal Code. The decisions to prosecute the case, prosecute the defendants and issue temporary detention orders for Mr. Nguyen Khac H. and Mr. Nguyen Phi C (deputy) have been approved by the People's Procuracy of Lam Dong province, ensuring that the proceedings take place in accordance with regulations, strictly and objectively.
The drastic intervention of the authorities
After receiving complaints from seven (07) foreign enterprises, including six (06) Indian companies and one Hong Kong company, the Lam Dong Provincial Police Department directed the Economic Police Department to coordinate with professional units to conduct verification and investigation. With a high sense of responsibility, the police force conducted verification, collected evidence and worked with relevant parties to clarify the nature of the case. Thereby, the investigation agency identified the fraudulent behavior of director Mr. Nguyen Khac H. and deputy director Mr. Nguyen Phi C, with clear evidence of forging documents and appropriating money from partners.
Currently, the Lam Dong Provincial Police Investigation Agency is continuing to verify 11 contracts involving 6 Indian companies and 12 contracts with five other foreign enterprises, with a total estimated value of up to tens of billions of VND.
Currently, 2 factories of Nam Ban Silk Company Limited in Nam Ban commune, Lam Ha district, have stopped operating since November 2023, confirming the loss of production capacity, further clarifying the defendants' fraudulent intentions.
Lam Dong Provincial Police have taken necessary procedural measures, including initiating a case, prosecuting the accused and applying temporary detention orders against two company leaders for the act of “Fraudulent appropriation of property”. These decisions were approved by the Lam Dong Provincial People’s Procuracy, ensuring transparency and compliance with legal regulations. At the same time, the investigation agency searched the workplace and residence of the accused, seizing many important documents, as a basis for further investigation into other contracts with signs of violations.
Lam Dong Provincial Police affirmed that they will strictly handle the case and coordinate with relevant agencies to clarify all violations.
Lam Dong Provincial Police Department calls on affected companies and businesses related to Nam Ban Silk Company Limited to cooperate in providing information via hotline number: 02633822097
Source: https://baolamdong.vn/lam-dong-phanh-phui-thu-doan-lua-dao-quoc-te-383919.html
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