GFDI Firm owes 7,500 clients an quantity of VND 3,700 billion
On the afternoon of November 8, Da Nang Metropolis Police introduced the preliminary investigation outcomes about GFDI Funding Consulting Firm Restricted (Hoa Xuan ward, Cam Le district, Da Nang metropolis).
In keeping with Da Nang Metropolis Police, GFDI Firm was established on Might 17, 2018, constitution capital of 80 billion VND, headquarter tackle at 92, 29/3 Road (Hoa Xuan ward, Cam Le district).
The corporate has Mr. Nguyen Quang Hoang as Director, authorized consultant and Chairman of the Board of Members, proprietor of the corporate.
Since its institution, Mr. Nguyen Quang Hoang has constructed the corporate’s enterprise mannequin within the course of borrowing cash from individuals by signing asset mortgage contracts.
From November 2023, enterprise funding suffered losses and misplaced monetary capability, so with the intention to preserve firm operations, Nguyen Quang Hoang organized and directed fraudulent workers to applicable clients’ belongings below the regulation. type of signing a mortgage contract, utilizing the mortgage cash from the latter to pay the previous.
Headquarters of GFDI Funding Consulting Firm Restricted. Photograph: Viet Niem.
By early November 2024, GFDI Firm was unable to pay 7,541 clients with a complete principal stability of greater than 3,700 billion VND.
On November 8, the Police Investigation Company of Da Nang Metropolis coordinated with skilled models of the Metropolis Police to conduct an emergency search on the headquarters of GFDI Firm and the non-public dwelling of Nguyen Quang Hoang and associated objects.
By means of the search, many paperwork, digital information and belongings associated to the unlawful acts of the themes had been confiscated to serve the investigation.
Da Nang Police stated that within the coming time, the Financial Police Division will proceed to analyze and make clear, strictly deal with the violations of Mr. Nguyen Quang Hoang and associated organizations and people and actively confirm, get well belongings to resolve penalties and make sure the legit rights of individuals concerned within the case.
Grounds for prison prosecution
Speaking to PV Dan Viet, Physician of Legislation Dang Van Cuong stated that in current instances, many companies have appeared to make the most of capital mobilization to fraudulently applicable property, inflicting frustration in public opinion and violating the regulation. property possession of many organizations and people, many circumstances have been prosecuted and criminally dealt with, however this example continues to be sophisticated.
In keeping with the regulation, solely credit score establishments are entitled to conduct credit score actions, together with lending, borrowing and monetary actions in line with the provisions of the Legislation on Credit score Establishments. use.
As for enterprise actions below the multi-level mannequin, it is a conditional enterprise exercise, with strict administration by the State. As for companies that don’t register enterprise actions in line with the multi-level mannequin, don’t register credit score actions in line with the Legislation on Credit score Establishments, they won’t be allowed to mobilize capital or pay deposit rates of interest like mobilizing capital. of banks and credit score establishments.
Nonetheless, in current instances, there have been numerous companies “flashing” and sprucing their manufacturers to hold out capital mobilization actions in line with a multi-level mannequin, taking cash from the subsequent individual to pay the earlier individual, however in actuality there isn’t any exercise. Enterprise or enterprise actions are only a type to launder cash and conceal unlawful capital mobilization.
Within the case associated to GFDI Firm, in line with Mr. Cuong, if the verification outcomes present that the enterprise proprietor gave false info so that folks might switch cash after which applicable an quantity of two million VND or extra, then Legal circumstances could also be prosecuted, and the enterprise supervisor could also be prosecuted for the crime of fraudulent appropriation of property in line with the provisions of Article 174 of the Penal Code.
Article 174 of the Penal Code stipulates that anybody who defrauds or appropriates cash of 500 million VND or extra might face a penalty of a wonderful of 12 to twenty years or life imprisonment.
On this case, the investigation company will make clear the strategies of capital mobilization, the usage of capital and the attention of property appropriation of the related topics to deal with in line with the provisions of regulation.
In case there are grounds to indicate that there was a fraudulent act to applicable property, the investigation company will prosecute a prison case, prosecute the accused and quickly detain the related topics for dealing with. in regards to the above crimes.
