Chairman of Tan Hoang Minh Group faces a life sentence?

On the evening of April 5, the Investigative Police Agency of the Ministry of Public Security handed over the decision to prosecute the accused Do Anh Dung (born in 1961, Chairman of the Corporation). Tan Hoang Minh) and 6 other defendants for fraud to appropriate property.

President Tan Hoang Minh and his second son Do Hoang Viet were both prosecuted and detained

According to investigative documents, from July 2021 to March 2022, Mr. Do Anh Dung and individuals at Tan Hoang Minh Group committed fraud, using 3 member companies including Dau Giay Co., Ltd. Vietstar Real Estate Investment, Soleil Hotel Service and Investment Joint Stock Company, Winter Palace Joint Stock Company and related companies, issued 9 bonds against the law.

According to the Ministry of Public Security, the total value of the above bond issuances is VND 10,300 billion. The purpose is to raise money from investors but not for business activities according to bond issuance records.

With this amount of money, owner Tan Hoang Minh and his accomplices will face what penalty frame?

Share on Vietnamese people, Lawyer Truong Quoc Hoe (Hanoi Bar Association) said that the crime that President Tan Hoang Minh Do Anh Dung has just been prosecuted for is specified in Article 174 of the 2015 Penal Code.

This crime carries a minimum penalty of up to 3 years of non-custodial reform or a prison term of between 6 months and 3 years.

The maximum is a prison term of 12 to 20 years or life imprisonment if the offender appropriates property worth 500 million VND or more; Appropriating property valued at between VND 200 million and under VND 500 million but falling into one of the cases specified at Points a, b, c and d, Clause 1 of this Article; Taking advantage of the war situation, the state of emergency.

The person charged with this crime, if proven guilty, will face a penalty of up to life in prison.

The police searched the villa and arrested the people involved

“Since this is a case with accomplices, the investigating agency will clarify the specific role and contribution of each accused in the appropriation of more than VND 10,300 billion with Mr. Dung. The remaining 6 defendants have actively helped and created favorable conditions for defendant Dung to cheat to take up a large amount of money, they will be handled for the same crimes and framing circumstances as President Tan Hoang Minh.”Lawyer Ta Anh Tuan (Head of Bach Gia Law Office and joint venture) analyzed the above Zing.

Regarding civil liability, Mr. Tuan said that Tan Hoang Minh’s side must refund the amount of VND 10,300 billion to organizations and individuals that bought bonds of the enterprise. In case this unit is no longer able to pay in cash, the enterprise’s assets will be used to pay the debt.

As for the bond issuance consulting units for Tan Hoang Minh, the lawyer said that the authorities will need to clarify the role and content of these units’ advice for the company. In case there are signs of aiding or aiding in criminal acts, they may be prosecuted according to the provisions of law.

MT (t/h)
According to Vietnamnet