HCMC – The Investigative Police Agency under the Ministry of Public Security has suggested that the Supreme People’s Procuracy prosecute 15 people for their alleged involvement in smuggling and accounting irregularities at the Hanoi-based Nhat Cuong Trading and Services Co., Ltd or Nhat Cuong Mobile.
On January 13, the Investigative Police Agency announced that it had completed a probe into the case, the local media reported.
Accordingly, Nguyen Thi Bich Hang, chief accountant of Nhat Cuong, and Nguyen Bao Ngoc, finance director at the company, should be prosecuted for violating accounting regulations, thereby causing serious consequences.
The remainder were proposed to be charged with smuggling, including Nhat Cuong deputy general director Tran Ngoc Anh, Nhat Cuong’s director of sales Do Quoc Huy, director of Nhat Cuong Quang Chau Tran Tat Khoa and director of Thanh Son Infrastructure Investment and Development JSC Ngo Tuan Suu, among others.
Nhat Cuong Mobile was established in 2001. From 2013 to 2019, the company focused on selling mobile phones and other electronic devices. However, it allegedly purchased goods from other countries for sale in Vietnam without going through customs and did not pay taxes.
In the 2014-2019 period, Nhat Cuong sold more than 255,000 mobile phones and electronic equipment worth more than VND2.9 trillion. Huy spent more than VND72 billion to illegally transport equipment from China to Vietnam for distribution, earning a profit of more than VND221 billion.
Huy also asked Ngoc and Hang to make accounting files on two different systems, one for their internal use and another fake one for public reporting.
The police have separated the charges of money laundering and serious violations in bidding regulations in the case to handle the people involved later, as Nhat Cuong general director Bui Quang Huy has fled.
During the investigation, the police also blocked a number of accounts worth more than VND8 billion and temporarily confiscated nearly 2,000 mobile phones, Apple watches and computers.