Busting a ring of 3,700 fake invoices worth over 1,200 billion VND

On January 18, according to information from District 10 Police, Ho Chi Minh City, the unit has just dismantled an illegal invoice trading ring worth over 1,200 billion VND. At the same time, the unit prosecuted and arrested 5 suspects to investigate the crime of Illegal invoice trading led by Nguyen Xuan Vinh (47 years old, residing in Ward 13, District 10, Ho Chi Minh City).

Nguyen Xuan Vinh (second from left) and his accomplices at the investigation agency. (Photo provided by the police)

According to District 10 Police, Vinh and his accomplices established, managed, and operated 26 "ghost" companies in District 10 and neighboring areas, with the aim of illegally buying and selling value-added invoices and making illegal profits.

Specifically, from 2020 to present, through 12/26 "ghost" companies, Vinh and his accomplices issued over 3,700 value-added invoices to hundreds of businesses, with a total false value of more than VND 1,200 billion, illegally profiting tens of billions of VND.

According to District 10 Police, this group's modus operandi is to buy legal entities of companies established by others or collect identity cards of many individuals.

Then, they took advantage of the open policy in business registration to impersonate and set up "ghost" companies to illegally buy and sell value-added invoices, concealing their whereabouts and background.

During the tax declaration process, Vinh and his accomplices falsely declared the value of purchased goods to be nearly equal to the value of sold goods in order to avoid suspicion and detection by authorities.

Currently, the Investigation Police Agency, District 10 Police, Ho Chi Minh City continues to expand the investigation.

Hoang Tho

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