Nguyen Thi Kieu Van, residing in Thang Dien commune, has been indicted for fraudulent appropriation of property by the Da Nang City Police Investigation Agency. Released on bail, Van is accused of orchestrating a scheme that defrauded Ms. An of over 10 billion dong by leveraging another individual's bank account.

Defendant Nguyen Thi Kieu Van. Photo: Thanh Huynh

According to the investigation, in August 2023, Van, needing money for personal expenses, fabricated a story. She claimed to be collaborating with a man named Mr. Be to supply food to businesses in industrial zones across Ho Chi Minh City and Dong Nai, promising high returns to entice Ms. An into investing.

To establish credibility, Van provided Mr. Be's bank account number for Ms. An to transfer funds. Once the money was in Mr. Be's account, Van instructed him to transfer the entire sum to her.

Investigators stated that to perpetuate the illusion of legitimate business operations, Van would transfer a portion of the received money back to Mr. Be. She would then ask Mr. Be to transfer it again to Ms. An, falsely representing it as profit. Additionally, Van forged a debt receipt in Mr. Be's name and sent it to the victim.

Through these deceptive tactics, Van allegedly appropriated over 10 billion dong from Ms. An. The funds were not used for the promised business ventures but for Van's personal use, rendering her unable to repay the victim.

The police agency advises the public to thoroughly verify the authenticity of projects and the capability of partners before contributing capital or investing. Individuals should not trust promises of high profits or unverified documents and transactions provided solely by one party.

Ngoc Truong

*Names of the victim and related individuals have been changed.