Chairman of Phu Quy Gold Company prosecuted in connection with smuggling of 3 tons of gold

Chairman and General Director of Phu Quy Gold Investment Joint Stock Company Le Xuan Tung (left cover) and Le Thuy Quynh

On June 24, Lieutenant General To An Xo, spokesman for the Ministry of Public Security, said that the Ministry of Public Security's Investigation Police Agency has issued a decision to prosecute the criminal case of "smuggling" and "tax evasion" occurring at Lao Bao border gate, Quang Tri province; Phu Quy Gold Investment Joint Stock Company and related units.

Smuggling ring of 3 tons of gold worth 5,000 billion VND

Implementing the direction of the Ministry of Public Security's leaders, the Ministry's Investigation Police Agency coordinated with professional units to establish and organize a special investigation to clarify signs of a gold smuggling ring from Laos to Vietnam led by Nguyen Thi Hoa in Quang Tri.

At the same time, the investigation agency also clarified tax evasion that occurred at Phu Quy Gold Investment Joint Stock Company, of which Le Xuan Tung is Chairman of the Board of Directors and General Director.

Initial investigation results determined that from 2022 to present, Nguyen Thi Hoa, residing in Lao Bao town, Huong Hoa district, Quang Tri province and Nguyen Thi Gai have organized a smuggling ring of over 3 tons of gold, with a total value of about 5,000 billion VND.

The amount of smuggled gold was brought from Laos to Vietnam through Lao Bao border gate, Quang Tri province to sell to gold shops in Vietnam for illegal profits.

General Director of Phu Quy Gold Investment Company evades taxes

The investigation results also determined that Phu Quy Gold Investment Joint Stock Company had declared and reported dishonestly on tax settlement in 2021, showing signs of tax evasion, causing damage to the State, initially determined to be 6,145 billion VND.

Based on collected documents and evidence, the investigation agency has decided to prosecute and apply preventive measures against two people: Le Xuan Tung, Chairman of the Board of Directors and General Director of Phu Quy Gold Investment Joint Stock Company and Le Thuy Quynh for the crime of "tax evasion".

Defendants Nguyen Thi Hoa, Nguyen Thi Gai (from left to right) and a number of defendants were prosecuted

At the same time, the investigation agency decided to prosecute and apply preventive measures against 18 people for the crime of "smuggling", including: Nguyen Thi Hoa, Nguyen Thi Gai, Nguyen Thi Van (operating Kim Linh gold shop)...

After the Supreme People's Procuracy approved, the Ministry of Public Security's Investigation Police Agency executed the above decisions and orders.

The Ministry of Public Security's Investigation Police Agency is consolidating documents and evidence to prove the criminal acts of the defendants who have been prosecuted and are expanding the investigation into the case; reviewing, seizing, and freezing the assets of the subjects to ensure recovery for the State.

According to Tuoi Tre