Director Arrested for Fraudulently Borrowing Machinery Worth over 6 Billion VND and Then Selling It as Scrap Metal.
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(Dan Tri Newspaper) - A business director in Can Tho has been prosecuted and temporarily detained for defrauding people by borrowing machinery worth over 6.2 billion VND and then selling it for personal use.
Tran Nhu Long, Director of P.T Vietnam Import-Export Co., Ltd., has been indicted and detained for investigation into the crime of fraud and misappropriation of assets. Long is accused of borrowing production machinery worth over 6 billion VND and then selling it for scrap metal to fund his personal expenses.
A director of an import-export company in Can Tho has been arrested and detained for fraud and misappropriation of property after borrowing machinery worth over 6 billion VND for production but then selling it as scrap metal for personal use.
Can Tho City Police Investigative Service has reached a decision to indict a director of an import-export company for “Fraudulent appropriation of property”.
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