On 7/1, Ho Chi Minh City Police issued an arrest warrant for Tran Van Quy, residing at Imperia Apartment in Binh Trung Ward, for fraudulent appropriation of assets.

Tran Van Quy in the arrest warrant. Photo: Ho Chi Minh City Police

Quy, along with general director Le Ngoc Thach and director Le Van Xa, is accused of appropriating over 16 billion Vietnamese dong (VND) in deposits. This money was collected through the company's and Quy's personal accounts.

The investigation revealed that Sam Group Joint Stock Company lacked legal documentation for land, investment policy approval, and investment registration certificates for these real estate projects. Despite this, company leaders independently designed, advertised, and sold numerous villa projects, which showed signs of criminal activity.

A "ghost" villa project by Sam Group in Bao Loc.

These projects, located in Lam Dong province, included Sam World Damb'ri Villa Area, Sam Hills Loc Quang Villa Area, and Sam World Loc Quang Villa Area. The group's leaders allegedly used the collected deposit money for other purposes, failing to transfer the villas as agreed with customers.

The arrest warrant for Tran Van Quy states: "Any person has the right to apprehend and immediately bring the wanted individual to the nearest police agency, People's Procuracy, or People's Committee."

Quoc Thang