Dismantling an invoice trading ring worth nearly 4,000 billion VND

Subject Tran Nhu Trung in the invoice trading ring. (Source: Provided by the Police)

The Investigation Security Agency, Bac Giang Provincial Police, has just arrested two more subjects, Tran Nhu Trung (born in 1980) and Hoang Quoc Trung (born in 1979), both residing in Hai Phong city, to investigate and clarify the act of illegally buying and selling invoices.

These are two of six subjects involved in an illegal invoice trading ring in Bac Giang province with an amount of up to thousands of billions of VND.

Previously, at the end of 2022, during the investigation of the case of "illegal purchase and sale of invoices" and "tax evasion," the Investigation Security Agency, Bac Giang Provincial Police discovered a group of 4 subjects including: Nguyen Van Doan (born in 1982), Nguyen Thi Huyen (born in 1987), Ngo Van Pha (born in 1983), all residing in Hai Phong city and Nguyen Van Huy (born in 1975, residing in Kim Thanh district, Hai Duong province) who bought and sold invoices of many companies.

In December 2022, the Security Investigation Agency issued a decision to prosecute the case and prosecute the above 4 subjects for illegal trading of invoices.

Expanding the investigation into the case, in April 2023, the Security Investigation Agency continued to prosecute and arrest two more subjects, Hoang Quoc Trung and Tran Nhu Trung.

According to authorities, this group of subjects operates extremely sophisticatedly and with careful calculation.

To avoid detection by authorities, these individuals buy companies that have ceased operations, then change their legal status by hiring someone to act as director and establishing a new company.

Not only that, the subjects also went to conditional businesses (pawn shops, motels, etc.) to buy back old, unclaimed identity cards to "forge" signatures, then made records to register these people as business directors and established dozens of different companies.

To avoid being noticed and to operate easily, the above group of subjects went to areas with industrial parks and clusters or areas far from the center to establish "ghost companies," under the guise of registering business lines in areas that require the use of invoices such as: construction materials, food services...

Then, the subjects tried to contact accountants and business directors to offer to buy invoices at low prices of 2-8%, then sold the invoices and enjoyed the profits.

These "ghost companies" usually only operate for a certain period of time, from a few months to 1-2 years. After that, the subjects continue to establish other companies.

With that trick, in a short time, this group of subjects established nearly 30 companies scattered across the provinces and cities of Bac Giang, Hai Phong, Hanoi... to export and sell over 3,000 invoices, the total value of goods and services recorded on the invoices was nearly 4,000 billion VND and illegally profited billions of VND.

The Investigation Security Agency, Bac Giang Provincial Police are continuing to investigate, expand the case and handle the subjects according to the provisions of law.

According to VNA