HCMC – Tran Qui Thanh, aged 70, founder and CEO of Tan Hiep Phat Beverage Group, and his daughter Tran Uyen Phuong have been detained on alleged misappropriation of assets, the local media reported.
The police filed the same charge against Thanh’s second daughter, 39-year-old Tran Ngoc Bich, deputy CEO of Tan Hiep Phat and director of Number One Ha Nam Company.
Local police searched their residences and workplaces in nine locations today.
This is the latest development in the probe and verification of the claims accusing Tran Qui Thanh, his two daughters, and some other individuals of committing acts of property embezzlement, abuse of trust and misappropriation of assets, and tax evasion. These actions were related to several big real estate and investment projects in Dong Nai Province and HCMC in November 2020.
C01 investigators launched criminal proceedings against a case of property embezzlement and fraud after receiving complaints from Le Van Lam, CEO of Kim Oanh Dong Nai Investment and Development JSC, Nguyen Van Chung, director of DCB Company, and Lam Hoang Son.
Lam stated that Thanh, Uyen Phuong, and some other individuals were involved in the misappropriation of assets through the transfer of projects and corporate shares.
They claimed that Thanh, Phuong and others used fake contracts on the transfer of projects to conceal a different contract on money borrowing, causing a loss of over VND1 trillion to Kim Oanh Dong Nai Investment and Development JSC.
The investigation agency C01 had earlier requested Dong Nai authorities to put on hold all transactions of the Minh Thanh Dong Nai Company and a residential area in An Phuoc Commune where Lam claimed that a land lot had been illegally acquired.
HCMC authorities were also asked to freeze transactions of 33 land lots owned by Phuong in Thu Duc and Binh Tan Districts.
After 20 months of investigation, C01 temporarily suspended the case in November 2022 due to the expiration of the investigation period and the need to clarify further points related to the reported damages.
