Broker tycoon borrowed money from Mr. Tran Qui Thanh, the man pocketed 23 billion VND

The Ministry of Public Security's Investigation Police Agency (C01) has issued a conclusion proposing to prosecute Mr. Tran Qui Thanh (Chairman of Tan Hiep Phat Trading and Service Company Limited) for the crime of Abuse of trust to appropriate property. Mr. Thanh's two daughters, Tran Uyen Phuong and Tran Ngoc Bich, were also proposed to be prosecuted for the same crime.

Mr. Tran Qui Thanh and his two daughters were accused of abusing trust and appropriating 767 billion VND from Ms. Dang Thi Kim Oanh and 2 other individuals. The investigation agency determined that some people acted as brokers and received commissions through connecting loans and lending.

Among the brokers, Nguyen Hoang Phu (a freelancer) benefited up to 23.6 billion VND after connecting Ms. Dang Thi Kim Oanh and Lam Son Hoang to borrow 615 billion VND from defendant Tran Qui Thanh.

According to the investigation, Nguyen Hoang Phu has experience in real estate brokerage and investment, and has legal knowledge. Mr. Phu met Ms. Kim Oanh in 2019 to broker a loan.

At that time, Ms. Kim Oanh bought the Minh Thanh project from Minh Thanh Dong Nai Company but lacked capital and could not borrow money from OCB bank. The female tycoon's assistant therefore contacted Nguyen Hoang Phu to "discuss work".

At the headquarters of Kim Oanh Dong Nai Company, Mr. Phu said that if Ms. Oanh wanted to borrow 500 billion VND, she needed to transfer the Nhon Thanh and Minh Thanh projects to Mr. Tran Qui Thanh, adding: "You have to pay me 5% of the loan amount."

Hearing that, Ms. Dang Thi Kim Oanh asked Phu to help her meet Mr. Tran Qui Thanh, promising that if she could borrow money, she would pay the brokerage fee.

Phu asked the female tycoon to sign a brokerage contract stating that Phu was an intermediary providing a service to find partners for Ms. Oanh to cooperate in investing with a fee of 5% of the total contract value. The contract appendix stated: "Phu brokered to solve Ms. Oanh's loan needs with an amount of 500 billion VND, disbursed twice, the first time 400 billion VND, the second time 100 billion".

After that, Phu repeatedly took Ms. Kim Oanh to meet Mr. Tran Qui Thanh to discuss borrowing money. The investigation agency accused Mr. Thanh of asking Ms. Kim Oanh to sign a contract to transfer the Nhon Thanh and Minh Thanh projects, which had just been lent 500 billion VND, and then embezzled these 2 projects, causing a loss of 600 billion VND to Ms. Oanh.

Through the above brokerage, Nguyen Hoang Phu received more than 20.6 billion VND in brokerage fees, according to the 5% value agreement signed with Ms. Kim Oanh.

In addition, Phu also introduced Mr. Lam Son Hoang to borrow 115 billion VND from Mr. Tran Qui Thanh and was paid a brokerage fee of 3 billion VND.

The investigation agency believes that Phu's behavior shows signs of the crime of Abuse of trust to appropriate property, with his role in assisting Tan Hiep Phat Chairman Tran Qui Thanh and his two daughters in appropriating money from Ms. Oanh and Mr. Hoang.

However, because Phu did not know the purpose of Tran Qui Thanh and his accomplices, his actions did not constitute a crime.

Wisdom

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