On 16/9, Vo Thi Ngan, 33, from Nghia Dan commune, was indicted and temporarily detained by the Nghia An Provincial Police Criminal Police Department for fraudulent appropriation of property, as per Article 174 of the Penal Code.

Suspect Ngan at the investigative agency. Photo: Police provided

According to the investigation, from 2023-2025, Ngan invited several people to invest in real estate transactions. Initially, Ngan consistently repaid the principal and profits on schedule.

After experiencing business losses and losing money from online investments, Ngan devised a plan to solicit funds from others for debt repayment and personal spending. She falsely claimed to need capital for real estate "land flipping", promising that properties would be sold and the principal plus profit returned within just 5-15 days.

To build trust, Ngan fabricated transactions and created fake messages, which she showed to investors, continuing to raise money in a revolving scheme.

Based on victims' denunciations, Ngan was arrested in mid-September. According to investigators, Ngan appropriated over 19 billion VND from many individuals using this scheme.

The case is currently under expanded investigation.

Duc Hung