Nguyen Thi Nhu Loan, chair of the board of directors and CEO of Quoc Cuong Gia Lai JSC, has given testimony regarding the use of hundreds of billions of dong earned from the transaction involving the 39–39B Ben Van Don land plot in HCMC.

The entrepreneurs who once sat in Shark Tank’s investor chairs are now under investigation for fraud, crypto manipulation, and counterfeit goods.

Once hailed for affordable housing, the Muong Thanh boss now stands trial over alleged deceit in property sales.

Le Thanh Than, one of Vietnam’s well-known real estate tycoons, has been charged with “deceiving customers” in connection with the CT6 Kien Hung housing project in Hanoi.

The appellate panel of the Supreme People’s Court in Hanoi on December 24 handed down its verdict in the case involving Thuan An Group and several related units and localities.

Nguyen Ngoc Thuy, known as “Shark Thuy,” has been charged with defrauding more than 10,000 investors of over 7.6 trillion VND, according to the Supreme People’s Procuracy.

Recent high-profile prosecutions have unveiled staggering amounts of assets hidden in safes and secret accounts, from gold bars to luxury cars.

The shocking billion-dollar operation run by Mailisa is just the tip of the iceberg in a country struggling to regulate imported beauty products.

During the investigation into the Mailisa beauty clinic ecosystem, authorities have seized 300 taels of gold, 100 land use certificates, 3 billion VND (approx. $120,000), and $400,000 in cash.

MK Skincare, tied to Mailisa beauty chain, faces nationwide ban for 162 products lacking safety documentation.

On November 21, Vietnam’s Ministry of Public Security announced the arrest of Phan Thi Mai and her husband Hoang Kim Khanh - owners of Mailisa Beauty Clinic - for alleged involvement in a large-scale smuggling operation tied to MK Skincare.

The key informant in the ‘Shark Thuy’ scandal, Egroup’s own finance director, may receive leniency after revealing a massive fake revenue scheme.

From Guangzhou to Hong Kong to Vietnam, a complex scheme enabled Mailisa to sell substandard beauty products under false origins.

The “Shark” metaphor - once synonymous with sharp business instincts - is now being redefined as Vietnam’s high-profile startup investors face serious legal charges.

The recent Kera candy trial has prompted the Ho Chi Minh City People’s Court to recommend sweeping changes to the regulation of functional food products and online marketing practices.

Vietnam’s fraud investigation into “Shark” Thuy now spans more than USD 90 million in alleged losses.

As police move to recover funds, more than 30 mortgaged properties and millions in fake shares are at the heart of the case.

The once-celebrated education entrepreneur allegedly orchestrated a massive fake share scheme involving over 10,000 victims.

With sophisticated “tricks”, Vu Thi Thuy, CEO of Nhat Nam Real Estate, lured thousands of investors into her trap, signing 43,314 investment cooperation contracts that collected VND9,113 billion.

In recent months, police have prosecuted and detained several well-known figures involved in criminal activities, seizing and freezing their vast assets.