Evidence of fraud charges against owners Tan Hoang Minh, Do Anh Dung and his son
On April 5, the Criminal Investigation Agency of the Ministry of Public Security prosecuted the case, prosecuted the accused and executed a detention order for Mr. Do Anh Dung, 61, Chairman and General Director of Tan Hoang Minh Group. , Do Hoang Viet (son of Mr. Dung, Deputy General Director of Tan Hoang Minh) to investigate the crime Fraud to appropriate property, according to the provisions of Article 174, Penal Code.
Many blue cars carrying dozens of police and competent agencies entered the basement of Tan Hoang Minh headquarters. Photo: Viet Hung
Using fraudulent tricks to mobilize more than 10,300 billion of investors
According to the initial investigation by the Investigation Police Agency (C03), the Ministry of Public Security, during the period from July 2021 to March 2022, as the head of the Group, Mr. An individual in Tan Hoang Minh committed fraud, using 3 member companies including Star Viet Real Estate Investment Company Limited, Soleil Hotel Service and Investment JSC, Palace Palace Joint Stock Company. Winter and related companies, issued 9 bonds of illegal bonds, totaling 10,300 billion VND, to raise money from investors but did not use it for business activities according to the development documents. bond issuance.
A day before, C03 issued an arrest and search warrant for Mr. Dung, his son Do Hoang Viet and 5 other people, the State Securities Commission said that it had issued a decision to cancel the 9 above bond offerings with a total value of 3. price of 10,030 billion VND of 3 units of Tan Hoang Minh Group.
Explaining the reason for the cancellation of 9 bond offerings of 3 companies of Tan Hoang Minh Group, the State Securities Commission said that “This group has acts of disclosing false information, concealing information in private placement of bonds”.
Defendant Do Anh Dung (left) and his son Do Hoang Viet. Photo: Ministry of Public Security
Bond issuances of Tan Hoang Minh Group
Regarding the previous bond issuances of the group of companies related to Tan Hoang Minh Group, Viet Star Real Estate Investment Co., Ltd (the unit directly participating in the auction and depositing the land plot in Thu Thiem) in July 2021 and September 2021, implemented 2 bond lots with a total value of VND 2,700 billion.
The first batch was issued from July 5, 2021, the number of bonds issued was 8 million bonds with a term of 48 months. The investor buying the bond is an institutional investor. Tan Hoang Minh Group is the owner of the bond lot on July 5, worth 800 billion VND, issued by Viet Star Real Estate Company.
The second batch is issued from September 20, 2021, with a total issuance value of VND 1,900 billion of bonds with a term of 60 months. Investors buying bonds are 1 credit institution and 1 other institution. Agribank Securities is the representative of the owner of this bond lot.
Soleil . Hotel Service & Investment Joint Stock Company mobilized 3 bond lots worth 1,750 billion VND. The first batch was issued from July 6, 2021, issuing 8,000 bonds with a total issuance value of VND 800 billion with a term of 24 months.
The investor who bought this lot is an institutional investor. An Binh Securities is in the name of a lot of bonds issued on July 6 of Soleil company, worth 800 billion VND.
The second batch is issued from August 20, 2021, issuing 4.5 million bonds with a total issuance value of 450 billion dong with a term of 24 months. The investor buying this lot is a credit institution and another institution.
The third lot was issued on November 1, 2021 with 5 million bonds issued with a total value of VND 500 billion, with a term of 36 months. The investor buying this lot is a credit institution and another institution.
Agribank Securities is the representative of the owners of the bond lots dated August 20 and November 1 issued by Soleil company.
Winter Palace Company issue 2 lots of bonds. In the first round of issuance from December 16, 2021, the issuance value was 3,230 billion dong of 48-month bonds, without specifying investor information.
The second phase is a private placement of bonds with a total of 4.5 million bonds issued, with a total issuance value of VND450 billion with a term of 36 months. The investor who purchased this lot is a domestic institutional investor. KIS Vietnam Securities is the representative of the owner of this bond lot.
In total, this group of companies has issued 8 lots of bonds with a total value of VND 8,130 billion. Compared with the cancellation of 9 bond issuances from the State Securities Commission, this group of companies has 1 more issuance worth 1,900 billion VND in March 2022, which has not been announced yet.
Notably, the largest bond batch worth VND3,230 billion started to be issued by the Winter Palace Company at the end of December 2021, only 6 days when Viet Star Real Estate Investment Co., Ltd. Another member of Tan Hoang Minh Group won the auction of land plots 3-12 in Thu Thiem new urban area (HCMC) with an amount of up to VND 24,500 billion. After that, Viet Star Company accepted to lose nearly 600 billion VND because of an application to drop the deposit and unilaterally terminate the contract.
Regarding the act of fraud and appropriation of property, of Mr. Dung and his accomplices, lawyer Phan Ke Hien, Bao Tin Law Firm said that with this crime, it is only necessary to cheat and appropriate valuable property. from 500 million VND or more, the person who commits the act has been sentenced to the highest penalty frame of imprisonment from 12 to 20 years or life imprisonment.
At the same time, the offenders may also be subject to a fine of between VND 10 million and VND 100 million, a ban from holding certain posts, a ban from practicing certain occupations or doing certain jobs for one to five years, or confiscation of part or all of them. asset.
Thus, with the appropriate amount of 10,300 billion VND, Mr. Dung and related people are likely to face the highest sentence of life imprisonment.
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