return icon Vietnamnet.vn

Korean man arrested for swindling $3.5 million from investors

The HCM City People’s Procuracy announced on August 11 that it has approved decisions on commencing criminal proceedings against and arresting a Korean man and a Vietnamese woman on charges of “swindling to appropriate assets.”

{keywords}

Kim Bumjae. Photo: Tuoi Tre

 

Fifty-two-year-old Kim Bumjae and 27-year-old Nguyen Thi Huong from Tan Binh district's ward 2 in HCM City were arrested for appropriating property by fraud.

Initial investigations show that between March 2019 and June 2020, the Investigation Police Agency under HCM City’s Police Department received 119 letters from individuals denouncing Raon Vietnam Co., Ltd and Khanh Asset Co., Ltd. for appropriating nearly 82 billion VND (3.5 million USD).

Local police found that the two companies were among others opened by Kim to attract investors under business cooperation agreements, with monthly interest rates ranging from 1.5 percent to 11.9 percent.

To win the trust of investors, Kim promised to invest the money abroad, organise foreign exchange classes, and open coffee shops.

However, he is thought to have misappropriated the funds remaining after paying the interest and expenses.

Huong assisted him in creating the two companies and running them./. VNA

MORE NEWS

Challenges ahead for Vietnam this year

“Pressure”, “increased difficulties” and “high risks and challenges”: these are the words used by the Minister of Planning and Investment to describe how hard it will be to fulfill Vietnam’s growth goals this year.

Some industries lack orders, others cannot take more

While woodwork companies are lacking new export orders amid high inflation in the US and Europe, food-processing companies are not receiving new orders because of rising input material prices.

Wholesale and retail sectors lead in new foreign investment approvals

The wholesale and retail industries took the lead in new foreign-invested projects in the January-September period, according to the Ministry of Planning and Investment.

Vietnam cracks down on IUU fishing ahead of EC inspectors’ visit

Deputy Prime Minister Le Van Thanh has ordered strengthening inspections to ward off illegal, unreported and unregulated (IUU) fishing as European Commission (EC) inspectors are coming to Vietnam in October.

Phuoc Thinh to represent Vietnam at Mister Tourism World 2022

Vietnamese model Phung Phuoc Thinh is set to compete for a title at Mister Tourism World 2022 due to take place in the Philippines this December.

Vietnam, Kazakhstan to open direct flights in October 2022

The Civil Aviation Committee of Kazakhstan has officially licensed Vietjet Air to launch direct flights between Vietnam and Kazakhstan.

Vietnam among seven economic wonders of worried world: Financial Times

A writing published by the London-based Financial Times on September 26 described Vietnam as one of the seven economic wonders of a worried world.

UNICEF vows to support Vietnam in response to Typhoon Noru

UNICEF Vietnam expressed its concern over children and families in the country vulnerable to Typhoon Noru, saying it stands ready to support the Government of Vietnam in responding to the most powerful storm to hit Vietnam in 20 years.

President Nguyen Xuan Phuc attends state funeral of late Japanese Prime Minister

Politburo member and President Nguyen Xuan Phuc led the Vietnamese delegation to attend the state funeral of late Japanese Prime Minister Abe Shinzo in Tokyo on September 27.

President meets foreign leaders attending state funeral of late Japanese PM

President Nguyen Xuan Phuc held bilateral meetings with some foreign leaders attending the state funeral of late Japanese Prime Minister Abe Shinzo in Tokyo on September 27.

Assistant Deputy PM prosecuted for allegedly taking bribes

Criminal proceedings were launched against Nguyen Quang Linh, Assistant Standing Deputy Prime Minister Pham Binh Minh, on September 27 for allegedly taking bribes in the scandal related to COVID-19 repatriation flights.

VIETNAM NEWS HEADLINES SEPTEMBER 27

Noru heads toward central Vietnam, rain starts to fall

Dortmund legends touch down in Vietnam ahead of charity match

A team of legends from German side Borussia Dortmund landed at Tan Son Nhat International Airport in Ho Chi Minh City on September 26 to prepare for a charity match against veteran and young Vietnamese footballers slated for September 28.

Vietnam disciplines senior officials for involvement in bribery case

The Party Central Committee’s Secretariat has decided to expel Deputy Foreign Minister To Anh Dung from the Party for violations he committed relating to the organization of repatriation flights for Vietnamese citizens abroad during the pandemic.

VIETNAM BUSINESS NEWS SEPTEMBER 27

Vietnam’s economy to expand 7.2% in 2022: WB
back_to_top