VietNamNet Bridge – The Ho Chi Minh City police agency has released a nationwide arrest warrant for suspect Le Dang Luu, for a fraud worth nearly VND7 billion ($350,000).

According to the testimony of the victims, in 2008, Luu, a native of Ha Tinh province, went to Ho Chi Minh City and got acquainted with Mrs. DTAH, director of a HCM City-based private firm.

Luu claimed himself as Le Duc Minh, the son of Mr. Le Duc Thuy, former Governor of the State Bank of Vietnam. Luu told DTAH that he knew some senior officials who had idle money and they wanted to loan it to businesses.

In January 2010, DTAH asked Luu to help her to borrow $600 million. Luu asked her to transfer $400,000 to a banking account as the fees for the disbursement of the above amount.

The woman gave Luu VND750 million ($35,000) without receipt. A few days later, Luu sent the woman a copy of a response on the disbursement of $600 million and a fake certificate balance of a bank branch in Tan Binh district with deposits of VND13 billion ($750,000) under the names of several senior officials.

As she did not have enough money to cover the disbursement cost of $400,000, DTAH agreed to lend Mr. TKG, director of a company based in District 1, $50 million in the total amount of $600 million, on the condition that TKG has to pay more than VND6 billion for Luu for the disbursement procedures.

This man gave Luu VND6.1 billion (over $300,000) but he did not get the loan. TKG called Luu but Luu did not answer. By March 21, 2011, Luu transferred DTAN $30 and disappeared.

Le Ha