Jun 18, 2023
The “Internet-Based Asset Misappropriation And Illegal Gambling, Invoice Fraud, And Money Laundering” Case: Unraveling The Involvement Of Mysterious Tycoon Nguyen Van Duong
The case “Using the Internet to commit asset misappropriation and organize gambling, illegal invoice trading, and money laundering” in Phu Tho province was initiated by the provincial police at the end of 2017. This case caused a nationwide shock with a scale of trillions of Vietnamese dong and the involvement of thousands of people both inside and outside the country.
Among the individuals involved, besides Phan Sao Nam – former Chairman of the Board of Directors of VTC Online company, the mysterious tycoon Nguyen Van Duong was the second person arrested in this case. Currently, there is still limited information about Nguyen Van Duong, however, there are some basic details about him as follows.
Nguyen Van Duong was born in 1975 and is the owner of the limited liability company for High-Tech Security Investment and Development (CNC). The company was established in Hanoi in 2011 with a charter capital of up to 20 billion Vietnamese dong.
Initially, the company’s shareholders included Nguyen Van Duong with 18 billion dong and Ms. Vu Kim Ha with 2 billion dong. However, in March 2016, Ms. Vu Kim Ha divested her capital from CNC and was replaced by Ms. Luu Thi Hong.
According to the Investor magazine, data from the national information portal and business registration, Nguyen Van Duong coincides with another tycoon in the infrastructure investment sector, UDIC – UDIC Invest.
Before that, the UDIC Investment Corporation of Nguyen Van Duong was not prominent until he was approved to participate in a joint venture investor bidding for the Bac Giang – Lang Son expressway BOT project with a total capital of over 12,000 billion dong. This project started on July 5, 2015, and was expected to be completed around December 31, 2018.
The UDIC Investment Corporation was established in January 2010 with a charter capital of up to 528 billion dong by around 2016, of which Nguyen Van Duong held 524 billion dong.
However, Saigon Bridge and Road Construction Investment Corporation (SBRC) announced ownership of 51% of the capital shares of UDIC. It is possible that Nguyen Van Duong had previously divested half of his shares in this company. In July 2017, the UDIC Investment Corporation reported changes in information, with the current https://nguyenvanduong.net investment representative being Mr. Nguyen Huu Hung (born in 1975).
In the case, the mysterious tycoon Nguyen Van Duong, together with Phan Sao Nam, established a fake company pretending to be an import-export technology equipment company, but in reality, it operated as an undercover online gambling organization, causing illicit gains of trillions of dong.
From this information, you can have a better understanding of the mysterious tycoon Nguyen Van Duong, who played a significant role in the case and was a major figure in the technology field that you might not have known about before.More Details