Fraudulent land sale, appropriation of 74 billion VND

According to the initial investigation results of the Thanh Hoa Provincial Police Investigation Agency, in 2021, Cao Thuy Chinh participated in brokering, investing in, and buying and selling real estate but suffered losses.

Fearing discovery by her family and others, starting in October 2021, Chinh began spreading false information about her connections with leaders of departments and agencies in Thanh Hoa province. She claimed to have the ability to bid for land use rights in projects and purchase numerous plots of land at prices lower than the market value, thus gaining people's trust and receiving their money.

Later, Chinh received money from many people to participate in land auctions, but in reality, it was a scam to embezzle their assets.

Cao Thuy Chinh at the police station. Photo: CACC

From October 2021 to July 2022, Chinh committed fraud, appropriating over 74 billion VND from 17 individuals by receiving deposits for bidding on land use rights in various projects in the province.

Based on the evidence collected, on May 4, 2023, the Investigation Police Department of Thanh Hoa province issued a decision to initiate a criminal case and prosecute Cao Thuy Chinh for the crime of "Fraudulent appropriation of property".

Because she is raising a young child under 36 months old, the Investigating Police Agency has applied bail as a preventive measure for Cao Thuy Chinh.

During the investigation, Cao Thuy Chinh repeatedly violated the obligations of a person subject to bail.

Considering the extremely serious nature and severity of the defendant's crime, on June 25, 2024, the Investigation Police Department of Thanh Hoa province issued an arrest warrant for the defendant to be detained for investigation and strict legal processing.

According to VietNamNet

Source: https://baolaocai.vn/lua-mua-ban-dat-chiem-doat-74-ty-dong-post385909.html