The director of Ho Chi Minh City's Quang Anh Trading Services has been accused of forgery and trading illegitimate goods.
On April 9, the People's Procuracy of Ho Chi Minh City filed indictment papers to bring 42 year old Ms. La Thi Thanh to trial for fraud by misappropriating property and counterfeiting organizations' seal and documents. A total of 12 people are accusing her of misappropriating over VND170 billion ($7.87 million). Investigators have determined it to be a civil case.
According to the indictment, Ms. Thanh established the Quang Anh Trading Services Company in Ho Chi Minh City. Towards the end of 2011, she offered Mr. Nguyen, a representative for a real estate company, a contract to purchase prepaid SIM cards at a value of VND3 billion ($138,870). However, he received 22 containers of incorrect product; they were not prepaid. Ms. Thanh promised to exchange them within three days.
Despite transferring cash, Mr. Nguyen received no further delivery for six months, following many follow-up requests.
By 13 July 2012, Ms. Thanh had ordered her staff to take back the shipment of SIM cards and refund VND3.8 billion ($175,902), including interest, within ten days. Refusing the proposal, the real estate company took them for inspection and found that many of the cards had expired.
Furthermore, Ms. Thanh also forged a VND500 billion ($23.145 million) prepaid card sales contract with Viettel group and a credit contract of VND80 billion ($3.70 million) with Vietnam Prosperity Bank, which she used as leverage to request loans for her business.
When the incident was reported to the investigating authority, she fled but was arrested by police last year.
Ms. Thanh initially claimed that she was legitimately borrowing money. She said that Mr. Nguyen had offered to lend her VND3 billion ($138,870) with interest of 10 per cent each month, and therefore the contract was legitimate. Mr. Nguyen has denied this statement.