On 23/3, Vi was temporarily detained by Dak Lak police for investigation into fraud and appropriation of property, under Clause 4, Article 174 of the Penal Code.

Nguyen Thi Tuong Vi was temporarily detained for embezzling over 14 billion VND from multiple individuals. *Photo: Dak Lak Police*

According to the investigation, in 2013, Vi began operating rotating savings schemes, commonly known as 'hui' in Vietnam, as a scheme master, earning commission. She also engaged in real estate and bank loan refinancing services. Initially, her ventures were successful, building trust and attracting many participants to her schemes and private lending activities.

By 1/2023, Vi incurred significant losses in real estate, accumulating debts of approximately 12 billion VND and becoming unable to repay them. Despite her financial distress, she maintained the facade of a successful businesswoman and a reputable 'hui' master to continue borrowing money from numerous individuals.

Subsequently, Vi established several fraudulent rotating savings schemes to raise funds, which she then used to settle personal debts. Through this method, from 1/2023 to 9/2025, Vi embezzled over 14 billion VND from many people, primarily relatives and friends.

The case is currently under expanded investigation.

Dak Lak Provincial Police advise the public to exercise caution when engaging in lending or participating in rotating savings schemes. When lending large sums, individuals should understand the borrower's purpose, repayment capacity, and verify the information provided, especially promises of high returns.

Bui Toan