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Prosecution of the case of fraud in selling project land in Dong Nai, appropriating more than 1,000 billion VND

TH (according to VTC News) June 23, 2024 17:50

From 2010 to 2018, Giang Dien Company provided a lot of false information about the project, signed about 1,267 land sale and purchase contracts with customers, earning a profit of more than 1,000 billion VND.

Dự án Khu dân cư mật độ thấp và du lịch sinh thái Giang Điền nhìn từ trên cao.
Giang Dien Low Density Residential and Eco-tourism Project seen from above

On the afternoon of June 22, the Investigation Police Agency of Dong Nai Province Police informed that it had issued a decision to prosecute the criminal case of "Fraudulent appropriation of property" related to the Giang Dien Waterfall Low-Density Residential Area and Eco-tourism Project.

This project is invested by Giang Dien Tourism Joint Stock Company (Giang Dien commune, Trang Bom district, Dong Nai province).

According to the Investigation Police Agency, Giang Dien Tourism Joint Stock Company has not been approved by the competent authority for the investment policy of land allocation, land use conversion purpose and is not qualified to sell land in areas B and C of the Giang Dien Waterfall Low-Density Residential Area and Eco-Tourism Project.

However, this company directly and through real estate brokerage companies promoted, introduced products and signed contracts to sell land plots at the above project, organized large-scale events, and organized lucky draw programs.

In addition, the company also provided a lot of false and misleading information about the project's legal status to encourage customers to buy land, build model houses and committed to handing over land use right certificates to customers within 12 to 24 months after signing the contract. From there, customers trusted, signed contracts and paid the contract value according to the progress required by the company.

The investigation agency determined that from 2010 to 2018, Giang Dien Tourism Joint Stock Company signed about 1,267 land sale and purchase contracts at the project with customers and investors to earn a profit of more than 1,000 billion VND.

TH (according to VTC News)
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Prosecution of the case of fraud in selling project land in Dong Nai, appropriating more than 1,000 billion VND