On the morning of January 25, the Criminal Police Department of Can Tho City Police has just prosecuted and temporarily detained Nguyen Thanh Phu, Do Doan Thien Vuong - both former credit officers of SaigonBank, Thot Not District branch and Huynh Nhat Tam (real estate broker and trader) to investigate the act of " Giving and receiving bribes ".

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Police read the warrant to temporarily detain suspect Huynh Nhat Tam. Photo: Provided by police

According to the investigation agency, the case occurred at Saigon Joint Stock Commercial Bank for Industry and Trade (SaigonBank) - Thot Not branch from 2021-2023.

Initial investigation results show that defendant Tam has many loan applications at banks, so he cannot be the name on all of these applications to borrow capital at SaigonBank, Thot Not branch.

Therefore, Tam contacted friends and relatives to mortgage land use rights to borrow money for him at SaigonBank.

The people whose names were on the loan application for Tam were also "not eligible for the loan", and the collateral assets according to SaigonBank's regulations were not valuable enough to lend the amount requested by Tam.

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Defendant Vuong at the police station. Photo: CACC
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Police read the arrest warrant for suspect Nguyen Thanh Phu. Photo: CACC

To borrow an amount higher than the value of the mortgaged property, Tam colluded with Vuong and Phu to prepare loan documents that did not comply with the regulations of the State Bank and SaigonBank.

According to the investigation agency, Tam transferred more than 1.4 billion VND to Vuong and Phu to pay for the implementation of the above-mentioned illegal bank loan mortgage documents.

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