Chau Thi Thu Nga at the trial (Source: tuoitre.vn) Hanoi (VNA) – The Hanoi People’s Court onOctober 2 opened the first instance trial on Chau Thi Thu Nga, formerChairwoman and General Director of the Land and Housing Construction andInvestment JSC (Housing Group) and her nine accomplices on the charge ofswindling to appropriate assets.
The accomplices are four former Directors of Housing Group Nguyen Truong Son,Le Hong Cuong, Nguyen Vu Hung and Phan Thanh Tuyen; two former Directors ofHousing Group Real Estate Trading Floor Nguyen Thi Tinh and Luu Thi Thuy;former chief accountant of Housing Group Pham Thi Thu Hanh; former Director andchief accountant of Housing Group Dinh Phuc Tieu; and former acting chiefaccountant of Housing Group Doan Thanh Thuy.
The court summoned 521 victims, including Hai AuCompany and 68 other companies and individuals with related interests andobligations.
According to the indictment, Nga instructed the publishing of false informationon the legal status and progress of the B5 Cau Dien housing project on theHousing Group’s website, for the purpose of wooing buyers of future apartmentsin the project.
She also created a model of the project based on theunapproved planning and displayed it at the headquarters of Housing Group. Atthe same time, Nga also instructed the planting of poles at the B5 Cau Dienproject area to win buyers’ trust.
Between January 1, 2009 and July 30, 2013, Nga and her accomplices signed 752 contractsworth more than 377 billion VND (16.6 million USD) with apartment buyers at the projects. However, the project has not receivedapproval and not carried out by now.
After that, Nga returned just nearly 29 billionVND (1.26 million USD) to 43 buyers, and could not pay back the remaining 348billion VND (15.4 million USD). She had no apartments to hand over tocustomers, neither.
Despite being aware of the fact that the projecthas not been approved and granted construction licence, the nine former companyexecs helped Nga to cheat buyers.
The trial is scheduled to last until October20.-VNA
The accomplices are four former Directors of Housing Group Nguyen Truong Son,Le Hong Cuong, Nguyen Vu Hung and Phan Thanh Tuyen; two former Directors ofHousing Group Real Estate Trading Floor Nguyen Thi Tinh and Luu Thi Thuy;former chief accountant of Housing Group Pham Thi Thu Hanh; former Director andchief accountant of Housing Group Dinh Phuc Tieu; and former acting chiefaccountant of Housing Group Doan Thanh Thuy.
The court summoned 521 victims, including Hai AuCompany and 68 other companies and individuals with related interests andobligations.
According to the indictment, Nga instructed the publishing of false informationon the legal status and progress of the B5 Cau Dien housing project on theHousing Group’s website, for the purpose of wooing buyers of future apartmentsin the project.
She also created a model of the project based on theunapproved planning and displayed it at the headquarters of Housing Group. Atthe same time, Nga also instructed the planting of poles at the B5 Cau Dienproject area to win buyers’ trust.
Between January 1, 2009 and July 30, 2013, Nga and her accomplices signed 752 contractsworth more than 377 billion VND (16.6 million USD) with apartment buyers at the projects. However, the project has not receivedapproval and not carried out by now.
After that, Nga returned just nearly 29 billionVND (1.26 million USD) to 43 buyers, and could not pay back the remaining 348billion VND (15.4 million USD). She had no apartments to hand over tocustomers, neither.
Despite being aware of the fact that the projecthas not been approved and granted construction licence, the nine former companyexecs helped Nga to cheat buyers.
The trial is scheduled to last until October20.-VNA
VNA
