On the afternoon of November 8, the Economic Police Department, Da Nang City Police announced information related to the incident at GFDI Investment Consulting Company Limited (GFDI Company).
According to the police, through the investigation, they discovered signs of "fraudulent appropriation of property" at GFDI Company, so they organized and implemented professional measures to urgently verify the case.
Initial results determined that GFDI Investment Consulting Company Limited was established in 2018, with a charter capital of 80 billion VND (headquartered at 92, 29/3 Street, Hoa Xuan Ward, Cam Le District, Da Nang), with Mr. Nguyen Quang Hoang as director, legal representative, and chairman of the board of members, owner of the company.
Since its establishment, Nguyen Quang Hoang has built the company's business model in the direction of borrowing money from people by signing asset loan contracts.
Since November 2023, the business investment has been losing money and losing financial capacity, so in order to maintain the company's operations, Nguyen Quang Hoang has organized and directed employees to defraud and appropriate customers' assets in the form of signing loan contracts, using the money borrowed from the latter to pay the former.
By early November 2024, the company was unable to pay 7,541 customers, with a total outstanding principal of more than VND 3,700 billion.
On November 8, the police conducted an emergency search at the headquarters, the headquarters transaction office of GFDI Company and the private homes of Nguyen Quang Hoang and related subjects.
According to the police, during the search, many documents, electronic data and assets related to the illegal acts of the subjects were seized to serve the investigation.
“In the coming time, the Economic Police Department will continue to investigate, clarify, and strictly handle the illegal acts of Nguyen Quang Hoang and related organizations and individuals, and actively verify and recover assets to resolve the consequences and ensure the legitimate rights of people involved in the case,” the Economic Police Department informed.
According to VietNamNet reporters, late in the afternoon of the same day, after many hours of searching the headquarters of GFDI Company, many police officers transferred the documents collected from the company to a specialized vehicle.
Meanwhile, hundreds of people are still sitting outside the company headquarters to monitor the incident, hoping to have a dialogue with Mr. Nguyen Quang Hoang to clarify the amount of money invested.
From 2018 to present, GFDI Company has mobilized capital with high interest rates, in the form of signing asset loan contracts. The company's mobilization interest rate is from 30-50%/year.
Before the incident, GFDI Company introduced that it had many offices and branches in provinces and cities across the country such as: Da Nang, Hanoi, Quang Tri, Khanh Hoa, Binh Dinh, Can Tho, Ba Ria - Vung Tau... with nearly ten thousand customers and hundreds of employees.
Police blockade the headquarters of a company raising capital with an interest rate of 50%/year in Da Nang.
Da Nang police are present at the headquarters of GFDI Investment Consulting Company in Da Nang. Outside, people are also gathering to wait for the company's leaders to talk.
Suspecting that a company paying interest of nearly 50%/year is 'bankrupt', investors surrounded its headquarters in Da Nang
On the morning of November 6, hundreds of people showed up at the headquarters of GFDI Investment Consulting Company located on 29/3 Street (Hoa Xuan Ward, Cam Le District, Da Nang) after hearing the news that the company had temporarily suspended transactions across the entire system.
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