HCMC – The police have urged victims in the Tan Hoang Minh Group fraud case to give information and documents to help with the investigation.
Investors who bought bonds from three affiliates of Tan Hoang Minh Group — Viet Star Co.,Ltd, Hotel Soleil JSC, and Winter Palace JSC, are seen as victims, the police said in a notice on September 7.
The victims are requested to report to the police and send relevant documents to the economic crimes police department C03 at 47 Pham Van Dong Street, Cau Giay District, Hanoi, or contact them on 0793 688 688 or 055 993 3333.
Do Anh Dung, chairman of Tan Hoang Minh Group, allegedly took advantage of the three affiliates to launch nine bond issues with a total value of VND10.3 trillion between July 2021 and March 2022.
The money was not used for the purposes stated in the bond sale documents, said local news reports.
Regarding the method of raising capital from investors, the three affiliates of Tan Hoang Minh Group falsified the financial statements and bond security documents, according to the Ministry of Finance.
After that, Tan Hoang Minh Group bought the majority of the bonds issued by its affiliates and sold them to individual investors through business cooperation contracts.
The chairman of Tan Hoang Minh Group and six senior executives of Tan Hoang Minh-affiliated companies have been arrested on alleged charges of fraud.