Hanoi police announced today that they are investigating the defendants for swindling to appropriate property. At least two of these individuals face additional investigation for money laundering. Police are continuing to clarify the actions of those who served as legal advisors to the companies.

Previously, police estimated the total amount involved in the suspects' criminal activities to be 2,700 billion VND. Among these cases, 27 companies signed approximately 17,000 vacation ownership contracts with victims; however, police have so far identified about 545 victims who lost nearly 188 billion VND.

During searches of 196 locations, including the residences and workplaces of the 27 implicated companies, police seized numerous contracts. They also temporarily held funds and assets belonging to the defendants, totaling over 680 billion VND.

Police working with the suspects. *Linh Dan*

According to initial investigations, from 2023 to 2025, the suspects established 27 companies. They then appropriated money through the sale of "vacation ownership contracts" and brokering vacation transfers.