Nguyen Cao Tri, former CEO of Saigon – Dai Ninh Tourism Investment Company, has been arrested for allegedly appropriating a staggering US$40 million from the chairwoman of property developer Van Thinh Phat.

Do Van Son, former chief accountant of the Advanced International Joint Stock Company (AIC Group), who has been wanted for further investigations into a medical equipment bidding scam, has turned himself in to police.

HCM City’s Mayor Phan Van Mai said at a meeting with voters in district 4 on June 28 that the socio-economic development of the city had been seriously affected by the bond market manipulation case related to SCB and Van Thinh Phat.

The HCM City People’s Court on Friday (May 19) rejected appeals of the chairman of Alibaba Company, leaving unchanged his sentence of life in prison for property fraud, causing more than 4,500 victims to lose over VNĐ2.4 trillion (US$103.3 million).

The HCM City People’s Court requested an investigation into any possible violations by provincial authorities in the dividing and separating of land plots for sale in one of the country’s biggest cases of “property fraud” and “money laundering”.

Some powerful economic groups of Vietnam spent decades of years to become powerful and build brands worth trillions of VND, but only several months were needed to destroy all their achievements.

The Hanoi People’s Procuracy has issued an indictment against Le Thanh Than, chairman of Muong Thanh Group, for alleged consumer fraud and lack of responsibility, causing serious losses.

The arrest of Tran Quy Thanh, chair of Tan Hiep Phat, Vietnam’s largest beverage producer, and his two daughters, is expected to lead to changes in the domestic beverage market.

Tan Hiep Phat Group owned by the family of Tran Quy Thanh is one of the largest Vietnamese owned and wealthiest private corporations.

According to a statement released on April 11 by Tan Hiep Phat, David Riddle has been appointed CEO and legal representative of the beverage corporation.

Tran Qui Thanh, the Chairman of Vietnam’s largest private beverage company Tan Hiep Phat, along with one of his daughter Tran Uyen Phuong, have been arrested in the southern province of Binh Duong on Monday.

Charges have been filed against 506 suspects for their alleged involvement in irregularities at multiple auto registration and inspection centers in the country, the Ministry of Public Security (MPS) said at a Government press conference.

The HCM City People’s Court has decided to delay the appeals trial of Alibaba Company owners and employees who were earlier found guilty of property fraud and money laundering.

Understaffed vehicle registration centres in Hanoi and HCM City have received support from the military as they struggle to cope with the surge in demand caused by the closure of several centres for investigation in recent few months.

The Ministry of Transport has asked the Ministry of National Defense for help to cope with excessive workloads at automobile registration and inspection centers, especially those in Hanoi and HCMC.

Recent arrests of registrars have clogged registration centers, leaving them without workers to carry out their duties.

As a number of registration centers have been closed to serve the investigation of registrars taking bribes, the remaining centers have become overloaded and vehicles cannot be registered as scheduled.

According to the Vietnam Register, more than 350,000 cars with a date of expiry are unable to have their vehicle registration renewed in March and April.

The newly discovered scandals in registration activities show that solutions are needed to supervise the inspection process to ensure integrity in implementation.