The latest developments in the case of investors demanding money for Tan Hoang Minh bonds

As a participant in investing in Tan Hoang Minh bonds, Mr. Nguyen Thach Cuong (Dong Da, Hanoi) asked the Ministry of Finance to work with the Ministry of Public Security and the State Securities Commission to clarify Tan Hoang’s violations. Minh is not related to investors.

“The investor made no mistake, if Tan Hoang Minh made any mistakes in the issuance of 9 bonds, Tan Hoang Minh has to bear it on his own, the police cannot force the investor to bear it. We expect the authorities to remove and refund investors in June 2022,” said Mr. Cuong.

According to Mr. Cuong, the State Securities Commission is not allowed to push investors to work with C03 – the Ministry of Public Security because investors’ money is clean money. “Investors asked to clarify the responsibility of the Ministry of Finance in supervising the State Securities Commission when allowing the issuance of bonds of Tan Hoang Minh. When investors buy bonds, they have to pay personal income tax of 6%, comply with the law, but their interests are not protected …”, Mr. Cuong said.

Ms. Vu Phuong Thao, a bond-buying investor, asked: “When canceling 9 bonds of Tan Hoang Minh, the authorities must anticipate the damage to investors. What is the responsibility of the State Securities Commission in issuing the cancellation decision?”.

Responding to comments from bond investors Tan Hoang Minh, Mr. Phan Thanh Son, Chief Inspector (State Securities Commission), preliminary information, Police Department investigating crimes on corruption and economic , smuggling (C03, under the Ministry of Public Security), has been carried out according to legal procedures, so all next steps must continue to be carried out according to legal procedures. The authority of the State Securities Commission stops at administrative steps.

According to Mr. Son, after receiving the investor’s letter and the direction of the Ministry of Finance, the agency discussed with C03 to continue processing the investor’s money. In the coming time, the Inspector of the State Securities Commission will have a written answer to the questions of investor representatives.

Also at the meeting, Ms. Nguyen Thi Ngoc, Deputy Head of Department, Inspector of the Ministry of Finance, suggested Mr. Phan Thanh Son to receive investors’ opinions and soon submit it to the leadership of the State Securities Commission for a document. reply.

Before that, in early May, Tan Hoang Minh also had a meeting with bond investors. Accordingly, the Group sent an official dispatch to the Investigative Police Agency of the Ministry of Public Security (C03), and at the same time to the Supreme People’s Procuracy, the Ministry of Finance, and the State Securities Commission to report the proposal. provide early refund mechanism for bond investors.

Currently, the group is working with partners on the purchase and sale of projects to soon arrange financial sources to refund investors. However, Tan Hoang Minh is still waiting for authorization to be able to implement transactions.

According to Ngoc Mai