Arresting Chairman, General Director Tan Hoang Minh and 6 accomplices in fraud and appropriation of property

Canceling more than VND 10,000 billion of bonds issued by Tan Hoang Minh member enterprises

The Investment Police Agency of the Ministry of Public Security is investigating and verifying a number of acts with signs of law violation related to the issuance of bonds and the mobilization of money by investors of member companies of the Trading Company Limited. Tan Hoang Minh Hotel Service (Tan Hoang Minh Group).

The investigation results determined: During the period from July 2021 to March 2022, Mr. Do Anh Dung and individuals at Tan Hoang Minh Group committed fraud, using 3 member companies including: : Viet Star Real Estate Investment Co., Ltd., Soleil Hotel Services and Investment JSC, Winter Palace JSC and related companies, issued 9 bonds in contravention of the law. , total value of 10,300 billion dong, to raise money from investors but not for business activities according to bond issuance documents.

Chairman and General Director of Tan Hoang Minh Do Anh Dung.

On April 5, the Investment Police Agency of the Ministry of Public Security issued a decision to prosecute the case “Scam to appropriate property”, which happened at Tan Hoang Minh Group and related organizations and units; at the same time, issued decisions to prosecute the accused, orders to arrest the accused for temporary detention, search warrants for Do Anh Dung and 6 accomplices for the crime of “fraudulent appropriation of property” under Article 174 of the Penal Code. the year 2015, amending and supplementing 2017.

The defendants include: Mr. Do Anh Dung (SN 1959), residing in Hanoi, Chairman of the Board of Directors and General Director of Tan Hoang Minh Group; Do Hoang Viet (SN 1994), resident in Ho Chi Minh City, Deputy General Director of Tan Hoang Minh Hotel Trading Service Company Limited; Nguyen Manh Hung (SN 1978), resident in Vinh Phuc, Chairman of the Board of Directors of Viet Star Real Estate Investment Company Limited; Deputy General Director of Tan Hoang Minh Hotel Trading Service Company Limited; Tran Hong Son (SN 1961), resident in Hanoi, Chairman of the Board of Directors of Soleil Hotel Service and Investment JSC; Deputy General Director of Tan Hoang Minh Hotel Trading Service Company Limited; Nguyen Khoa Duc (SN 1984), resident in Hanoi, Chairman and Director of Winter Palace Joint Stock Company; Le Van Thinh (SN 1978), resident in Ninh Binh, Deputy General Director of Tan Hoang Minh Hotel Trading Service Company Limited; Phung The Tinh (SN 1973), residing in Hanoi, former Director of the Center for Finance and Accounting, Tan Hoang Minh Hotel Trading Service Co., Ltd.

After approval of the Supreme People’s Procuracy, the Investigation Agency of the Ministry of Public Security executed the arrest warrants for the above-mentioned suspects.

To ensure the normal operation of the company, Mr. Do Anh Dung authorized Mr. Do Hoang Minh, Deputy General Director of Tan Hoang Minh Hotel Trading Service Co., Ltd. to run Tan Hoang Minh Group.

Currently, the Investigation Police Agency of the Ministry of Public Security is concentrating its forces to investigate and clarify the criminal acts of the accused, expand the case and recover assets.

Previously, on April 4, the State Securities Commission (SSC) announced the cancellation of 9 bond offerings worth more than VND 10,000 billion in the period from July 2021 to March 2022 of the limited company. Vietnam Star Real Estate Investment; Winter Palace Joint Stock Company and Soleil Hotel Service and Investment JSC.

Pursuant to the dossiers, documents and requests of competent authorities on the cancellation of bond issuances of 3 companies of Tan Hoang Minh Group due to acts of disclosing untruthful information, concealing Information in the private placement of bonds, the State Securities Commission decided to cancel the above 9 bond offerings of Tan Hoang Minh group of businesses.

According to this decision, bond registration and depository organizations are responsible for stopping the transfer of ownership of bonds of Viet Star Company, Winter Palace Company, Soleil Company of Tan Hoang Minh Group in The above 9 bond offerings.

The Hanoi Stock Exchange (HNX) is responsible for disclosing information on the HNX’s corporate bond information page about the cancellation of the above bond offerings. The Decision takes effect from April 3, 2022.

According to Bao Quan