Lam Dong temporarily suspends asset transactions of 5 people related to Nhat Nam Company case

Lam Dong Province Department of Justice has sent a document to notary organizations in the province, requesting to review, provide information, documents and temporarily suspend transactions of transferred assets of 5 individuals related to the case at Nhat Nam Investment and Trading Joint Stock Company. The review period is from July 2, 2019 to present.

The individuals include Ms. Vu Thi Thuy Duong (29 years old), Ms. Bui Thi Le (26 years old), Ms. Nguyen Thi Hong Nhung (20 years old), Mr. Nguyen Minh Toan (24 years old, residing in Ho Chi Minh City), and Do Thi Bao Uyen (39 years old, residing in Long An).

Speaking to Dan Tri reporter, Mr. Nguyen Huu Tan - Deputy Head of the Judicial Support Department, Lam Dong Department of Justice - said that this document was issued to comply with the request for coordination from Hanoi City Police in investigating and verifying the case of "Fraudulent appropriation of property" that occurred at Nhat Nam Company.

According to Mr. Tan, from July 2, 2019 to now, if the above 5 individuals have property transactions, notary organizations will photocopy the documents, send them directly to the Hanoi City Police Investigation Agency and send them back to the Department of Justice for information. Normally, property transactions are real estate.

Mr. Tan also emphasized that this is a joint activity between two state agencies, other provinces and cities will also conduct this review activity at the request of the Hanoi City Police Investigation Agency.

However, in addition to issuing a request document like Lam Dong, other provinces and cities may also post information on the notary blocking database so that notary organizations in that locality can grasp it.

Lâm Đồng tạm dừng giao dịch tài sản 5 người liên quan vụ Công ty Nhật Nam - 1 — Singer Khanh Phuong had his property transactions temporarily suspended by the Lam Dong Department of Justice because of his involvement in the Nhat Nam Company case.

Before these 5 individuals, in early October, Lam Dong Department of Justice also sent a document to notary organizations in the area, requesting to temporarily suspend property transactions of 1 enterprise and 12 individuals.

The list includes the name Pham Khanh Phuong (singer Khanh Phuong, 42 years old) and the company that Mr. Phuong is the legal representative of - Nhat Nam Khang Investment Joint Stock Company, headquartered on the 17th floor of Vincom Center building, Ben Nghe ward, District 1, Ho Chi Minh City.

This document was also issued by Lam Dong Department of Justice to coordinate at the request of Hanoi City Police in investigating and verifying the case of fraud and appropriation of property of Nhat Nam Real Estate Investment and Trading Joint Stock Company.

Responding to this document from Lam Dong, singer Khanh Phuong said in a livestream on his personal Facebook page, expressing confusion about this decision because he has no assets in Lam Dong and "this decision does not affect Khanh Phuong in any way".

Previously, Ms. Vu Thi Thuy - Chairwoman of the Board of Directors and General Director of Nhat Nam Real Estate Company - wife of singer Khanh Phuong, was prosecuted and temporarily detained for the crime of "Fraudulent appropriation of property", stipulated in Article 174 of the Penal Code.

According to information from Lieutenant General To An Xo - spokesman of the Ministry of Public Security, from 2020 to 2022, Nhat Nam Company collected a total of VND 8,941 billion from about 20,000 individuals, through more than 45,500 business cooperation contracts.

Major General Nguyen Thanh Tung - Deputy Director of Hanoi City Police - said that when collecting 8,941 billion VND, Nhat Nam Company used more than 4,000 billion VND to pay principal and interest to individuals even though it did not do any business; spent 520 billion VND to maintain the company's operations; spent more than 2,000 billion VND on "commissions" to pay to individual brokers; spent 600 billion VND on Vu Thi Thuy, the remaining purpose of nearly 1,000 billion VND is unknown.

The investigation agency has inventoried and frozen 20 bank accounts, seized houses and land to ensure the rights of the victims. However, the 20 accounts above have no money or very little (less than 10 million VND).

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