Recently, there have been consecutive cases of broken savings and credit associations nationwide, or cases of fraudulent appropriation of property by the owners, causing many people to lose their property, with the amount of money stolen reaching billions of dong. Although the authorities regularly propagate and warn, the cases of broken savings and credit associations still occur. This is because many participants lack vigilance, do not clearly understand the legal regulations, rights, obligations and related legal responsibilities, and are still subjective when participating in the chains.
Recently, the Investigation Police Agency, Ly Nhan District Police, Ha Nam Province, issued a decision to prosecute a criminal case and prosecute the accused Doan Thi Sang (born in 1983), residing in Village 1, Chinh Ly Commune, Ly Nhan District, Ha Nam Province, for the crime of fraud and appropriation of property.
By taking advantage of the trust of people who wanted to play with them and the fact that the players in the clans did not know each other, Sang established clans to collect money.
Due to financial imbalance and no longer being able to pay them, Sang committed fraud by impersonating the person who wanted to buy them in the periods so that he could take them in those periods to appropriate their assets.
Using the above tricks, before fleeing the locality, Sang set up 27 gangs, luring more than 800 people to play (equivalent to more than 1,300 gangs) to appropriate property.
At the investigation agency, Doan Thi Sang admitted: "Because my business was losing money, most of the people who came to buy my family name already had deposit slips so I could take them. After I realized that I could no longer pay the owners, I fled the area."
Hui, they operate based on trust, self-control mechanism, usually the person who controls and operates is the owner of the association. Most participants lack vigilance, do not clearly understand the legal regulations, rights, obligations and related legal responsibilities.
As one of many people who participated in paying the fee for Doan Thi Sang, Ms. Pham Thi Ngoc said, “Every month, my family has been saving money to contribute 8 fees, the total amount I paid is 241 million and twenty thousand dong. By March 2024 of the lunar calendar, Ms. Sang and her husband had fled the locality. Now, my family is very confused and worried, not knowing when we will get back the money they contributed.”
Hui, they are a type of capital mobilization for loans, savings in a voluntary form, with little publicity among the subjects, operating based on trust and personal, voluntary relationships. The owner of the association does not need collateral, nor does it provide full information to the participants. Although the law stipulates that to participate in a hui, they must have a written agreement and can request notarization, in reality, the participants mainly have verbal agreements, handwritten documents. While the number of participants is large, they know little about each other, have little information about the economic conditions, and purposes of the owner of the association, hui.
In reality, most of the people in the localities who participate in gambling are low-income workers, small businesses... pooling their family's monthly savings to gamble, even borrowing money to contribute.
However, taking advantage of this, many owners have defrauded and appropriated property, causing many members to be "empty-handed", falling into debt, losing property, at least tens of millions of dong, at most up to billions of dong, causing significant impact on the security and order situation in the locality and causing public outrage.
Discussing this issue, Major Nguyen Duc Thao, Deputy Head of the General Investigation Team, Ly Nhan District Police, Ha Nam Province warned: When people need to borrow money or deposit savings, they should go to credit institutions such as banks, avoid playing with the hui because there is a high risk of the hui failing, and a great risk of losing money.
From the recent cases of loan defaults occurring across the country in general and Ha Nam province in particular, the Public Security Agency recommends that in order to avoid being scammed and losing property, affecting the daily life of each family, people should choose appropriate and safe forms of investment, savings and accumulation, avoiding participating in high-risk savings and accumulation groups, which pose a potential risk of having their property seized; at the same time, they must have a firm grasp of the legal provisions related to capital contribution, to both ensure their legitimate rights and interests and prevent risks.
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