Seizing more than 3.1 billion VND deposit to buy land at preferential price

Defendant Tran Duc Tung at trial

According to the indictment, from November 18 to December 7, 2016, Tran Duc Tung was Deputy Head of the Investment Development Department, Thanh Dong Real Estate Investment Joint Stock Company branch in Hai Duong, and was not responsible for brokering the sale of land lots belonging to the branch's investment project in Hai Duong.

Tung has known Ms. Le Thi Hai Van (born in 1975), Ms. Pham Thi Gam (born in 1982), Mr. Le Ngoc Cuong (born in 1978, all residing in Tan Binh ward, Hai Duong city) and Mr. Nguyen Van Vuong (born in 1977, residing in Hoang Dieu commune, Gia Loc) since Tung was an employee of the branch's Sales Department.

Tung provided false information introducing the Thanh Dong Real Estate Investment Joint Stock Company branch in Hai Duong with land lots OT6A in the southern urban area of ​​Hai Duong city for sale at a preferential price compared to the company's offering price. When purchasing, Tung was required to deposit the difference between the company's selling price and the preferential price. Ms. Gam, Ms. Van, Mr. Cuong and Mr. Vuong trusted Tung to deposit the land purchase amount of 3,130,250,000 VND. Tung appropriated this amount and fled the locality. On July 1, 2022, Tung turned himself in.

The court sentenced Tran Duc Tung to 19 years in prison for fraud and appropriation of property under Point a, Clause 4, Article 174 of the 2015 Penal Code (amended and supplemented in 2017). Tung must compensate the entire amount of money he appropriated from the victims, deducted from the amount the defendant has compensated.

AS SUCCESS