Business

Banks tighten a series of luxury cars and real estate of Mr. Nhan Louis

On May 27, Saigon Commercial Joint Stock Bank (SHB) said that there was a notice on the seizure of collateral assets of Louis Rice Import-Export Joint Stock Company (formerly known as Louis Rice Company Limited) to ensure guarantee loan recovery.

Previously, Louis Rice signed credit contracts with SHB Phu Nhuan branch on April 7, 2021. However, SHB decided to terminate the loan and early recover all debts from May 4 after Mr. Do Thanh Nhan, founder of Louis Holdings was prosecuted and detained since April 20 to investigating the behavior of manipulating stock prices on the stock exchange.

  The bank tightened a series of luxury cars and real estate of Mr. Nhan Louis - Photo 1.

A series of luxury cars and real estate of Mr. Nhan were seized by SHB.

On May 10, SHB sent a notice requesting Louis Rice to pay the debt or hand over the collateral for debt settlement and recovery. However, so far, the customer has not fulfilled the debt payment obligation, the guarantee party for this debt is Louis AMC Asset Management and Exploitation Company, Louis Trade Center Investment and Trading Joint Stock Company. , Louis Holdings Joint Stock Company did not hand over the collateral at the request of SHB.

Accordingly, SHB said that it would seize all collateral assets, including two 7-seat Ford Everest cars, registered on 11/11/2011; 1 5-seat car with RAM 1,500 brand (a luxury pickup truck with a selling price of about 5.5 billion VND), registered on December 27, 2021; 1 4-seater car brand Porsche 911 Targa 4S (a popular convertible model, with the current average selling price of about 9.17 billion VND), registered on October 12, 2021; 1 Maybach 4-seater car Mercedes-Benz brand, registered on January 19, 2022.

In addition to 5 cars, SHB also seized 4 other mortgages that are real estate, including land use rights located at land plot No. 289, map sheet 18, in My Xuyen ward, Long Xuyen city. , An Giang province; land use rights and properties attached to land at plot 218, map sheet No. 4, ward 5, Tan An city, Long An province; 1 apartment apartment No. T4-A40.03 in Thao Dien ward, Thu Duc city, Ho Chi Minh City, land use right at parcel 61, map sheet 38, ward 5, Vung Tau city, Ba Ria Vung province Ship.

Notably, among the above-mentioned seized security assets, up to 6 properties including 3 luxury cars and 3 real estate were purchased by Mr. Do Thanh Nhan from October 2021 to January 2022. This time coincided with the period when a series of stocks belonging to “Louis” increased gallopingly and Mr. Do Thanh Nhan took profits.

  The bank tightened a series of luxury cars and real estate of Mr. Nhan Louis - Photo 2.

Mr. Do Thanh Nhan.

Previously, the Investigation Police Agency of the Ministry of Public Security issued a decision to prosecute the case “Manipulating the stock market” that occurred at Tri Viet Securities Joint Stock Company, Louis Holdings Joint Stock Company, Louis Capital Joint Stock Company, etc. Louis Land Joint Stock Company and related units. At the same time, issuing decisions to prosecute the accused, arrest warrants for temporary detention, and search warrants for 4 individuals for the crime of “manipulating the stock market” according to the provisions of Article 211 of the Penal Code.

The defendants include Do Thanh Nhan, Chairman of Louis Holdings Joint Stock Company, a member of the Board of Directors of Louis Capital Joint Stock Company, Louis Land Joint Stock Company; Trinh Thi Thuy Linh, Administrative Director of Louis Holding Joint Stock Company; Do Duc Nam, General Director of Tri Viet Securities Joint Stock Company; Le Thi Thuy Lien, Financial Services employee of Tri Viet Securities Joint Stock Company.

The investigation results and collected documents and evidence have grounds to determine that, from January 4, 2021 to October 6, 2021, Do Thanh Nhan colluded with Do Duc Nam and other subjects to use using many securities trading accounts to buy, sell and entice others to buy and sell securities to manipulate the stock price of Louis Capital JSC (tg.g.g.), other securities codes contrary to the law, illegally profiting hundreds of billions of dong.


Duy Quang

You are reading the article Banks tighten a series of luxury cars and real estate of Mr. Nhan Louis
at Blogtuan.info – Source: cafebiz.vn – Read the original article here

Back to top button