General Director of Nhat Nam Company was detained urgently

According to the announcement, Ms. Thuy provided false information about Nhat Nam Real Estate Investment and Trading Joint Stock Company having many real estates, investment projects, and high profits to mobilize capital from many individuals, then used part of this money to pay interest to the above individuals.

After that, this female General Director appropriated an especially large amount of money, violating Clause 4, Article 174 of the Penal Code.

Ms. Thuy is being held by the police in an emergency at Detention Center No. 1, Hanoi City Police.

According to Hai Duong Newspaper reporters, under the direction of Ms. Thuy, from 2020 to 2022, Nhat Nam Real Estate Investment and Trading Joint Stock Company mobilized capital from investors with a commitment to receive a profit sharing rate of 7 - 8% / month (including principal and interest), along with incentives when buying real estate from the company. Because of the high profit, many people have invested large amounts of money in this company. In Hai Duong alone, thousands of people have participated, most in Nam Sach district, followed by Hai Duong city, Ninh Giang and Thanh Ha districts...

However, the above company only fulfilled its initial commitment. From August 2022 until now, the company has stopped paying principal and interest. The company gave many reasons such as system errors, software upgrades, focusing capital on investing in large projects, etc.

Nhat Nam Real Estate Investment and Trading Joint Stock Company also requested customers who had previously signed contracts to return all original contracts to reissue new contracts under the name of Song Da Nhat Nam Group Joint Stock Company. The above incident caused public outrage.