Mysterious character paid 14.5 million USD to Ms. Truong My Lan and the 396 billion VND deal

Greenhill Village transfers shares, earns nearly 400 billion VND

According to the Hanoi Stock Exchange (HNX), on June 19, MST Investment Joint Stock Company (MST) approved the policy of receiving the transfer of 198,283,300 Greenhill Village shares (18%) from Mr. Nguyen The Hoang (1975) at a price of VND 10,000/share.

Mr. Nguyen The Hoang is the legal representative of Greenhill Village JSC since the end of 2022.

Previously, Greenhill Village JSC was represented by Mr. Ta Hung Quoc Viet, Chairman of the Board of Directors and General Director. Greenhill Village was established on April 17, 2018, headquartered at Garden House A13, Trung Hoa Nhan Chinh Urban Area, Cau Giay, Hanoi.

Mr. Ta Hung Quoc Viet has permanent residence in District 10, Ho Chi Minh City.

On the same day, June 19, Vina2 Investment and Construction JSC (VC2) also approved the transfer of Greenhill Village shares equal to the number of MST shares received, at the same price, also from Mr. Nguyen The Hoang.

Thus, Greenhill Village JSC sold 36% of shares to MST and VC2, earning a total of more than 396 billion VND.

This amount is 10% more than the amount that Mr. Ta Hung Quoc Viet returned to defendant Truong My Lan about a year before.

Previously, in the case that occurred at Van Thinh Phat Group (headquartered in District 1, Ho Chi Minh City), the Ministry of Public Security's Investigation Police Agency reviewed, verified, and recovered money originating from criminal acts, accounts, and assets in the name of the accused or individuals who were asked to use their names to recover, seize, and freeze according to regulations.

The list of seized assets, in terms of money, includes nearly 590 billion VND in cash, more than 14.99 million USD and many shares, real estate, cars, yachts... Among them is about 14.5 million USD in cash given by defendant Truong My Lan to Ta Hung Quoc Viet.

Based on the testimony, related documents, and collected electronic data, on October 5, 2022, according to a previous agreement, Truong My Lan gave 14.5 million USD (equivalent to 350 billion VND) to Ta Hung Quoc Viet to receive the transfer of the Greenhill Quy Nhon project invested by Greenhill Village JSC.

On October 23-25, 2022, after being invited to work by the investigation agency, Mr. Viet contacted and returned all the money he had received from Ms. Lan, including more than 116.29 billion VND (about 4.75 million USD) and 9.75 million USD - equivalent to 14.5 million USD.

Ms. Lan declared that the above amount of 14.5 million USD was hers, and she voluntarily used it to remedy the consequences of the case.

Greenhill Village and the relationship between Hanoi, Ho Chi Minh City and Binh Dinh

In September 2023, contractor Vina2 coordinated with the investor Greenhill Village Co., Ltd. and the project developer MST Joint Stock Company to organize the groundbreaking ceremony of Greenhill Village resort in Quy Nhon.

Greenhill Village Company Limited was the enterprise initially licensed to carry out the Greenhill Village project in Quy Nhon but later changed to Greenhill Village Joint Stock Company. Greenhill Village Company Limited is headquartered in Ghenh Rang Ward, Quy Nhon, Binh Dinh Province, with a charter capital of VND700 billion. Meanwhile, Greenhill Village Joint Stock Company is headquartered in Hanoi.

In 2020, both of these businesses were directed by Mr. Viet as Director and legal representative.

Mr. Viet is also known as the Chairman and Director of Greenhill Village - Quy Nhon One Member Co., Ltd., established in August 2018.

*Mr. Ta Hung Quoc Viet is the Director and legal representative of both GreenHill Village LLC and GreenHill Village JSC.*

The GreenHill Village resort project is built on a hillside plot facing Quy Nhon beach with an area of 16.62 hectares, including 500 tourist apartments, 145 villas and 5 Bungalows with accompanying amenities. This is a 5-star international resort project, expected to serve more than 2,000 guests/day. In September 2022, the project's investment policy was adjusted, accordingly, the total investment capital increased 10 times from 230 billion VND to nearly 2,596 billion VND.

In November 2021, Geenhill Village JSC also proposed Binh Dinh province to invest in the Urban Area East of Thi Nai Lagoon (Quy Nhon City and Tuy Phuoc District).

In addition, Mr. Ta Hung Quoc Viet is also the owner of a number of enterprises including: Greenhill Group Corporation (Greenhill Holdings), Dat Viet Real Estate Group Company Limited, Artificial Intelligence Investment Corporation - Institute of Applied Science and Technology Research - Quy Nhon University (AIQ), Vietnam Petroleum Port Warehouse Corporation...

*Perspective of Greenhill Quy Nhon project.*

Before receiving 14.5 million USD (equivalent to 350 billion VND) from Truong My Lan to transfer the Greenhill Quy Nhon project, Greenhill Village JSC successfully raised 2 bond lots with a total value of more than 383 billion VND.

Specifically, on May 24, 2021, a bond lot of VND 180 billion was issued, maturing on November 24, 2022, with an interest rate of 11%/year and secured by land use rights and assets attached to land, assets formed in the future in Ghenh Rang, Quy Nhon, Binh Dinh.

On January 24, 2022, Greenhill continued to issue bond lot GHVCH2224001 worth VND 203.5 billion, interest rate 11%/year, maturing on January 24, 2024.

However, these bond lots were later no longer seen on HNX.

In early 2023, GreenHill Village was listed among more than 50 businesses that were late in paying bond interest.

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