The High-Level People’s Court in Hanoi on April 10 began to hear the appeals of Chau Thi Thu Nga, former Chairwoman and General Director of the Land and Housing Construction and Investment JSC (Housing Group), and her accomplices in the case of "swindling to appropriate assets” at the B5 Cau Dien housing project.


Chau Thi Thu Nga at the appeal court. (Source: VNA)

Nga and eight other defendants appealed against the verdict made by the Hanoi People’s Court in the first instance trial that took place from October 2-16, 2017. As many as 189 victims in the case also asked the court to review its decision. 

At the first trial, Nga was sentenced to life imprisonment for swindling to appropriate assets. However, she said that the punishment is too strict and refused to compensate 54 billion VND (2.3 million USD) as ordered by the court. 

The other defendants filing appeals also asked for reduced punishment or suspended sentences.

Nga’s accomplices received various prison terms, including former Deputy General Directors of Housing Group Nguyen Truong Son (six years in prison), Le Hong Cuong (four years), Nguyen Vu Hung (30 months), and Phan Thanh Tuyen (24 months).

Two former Directors of Housing Group Real Estate Trading Floor Nguyen Thi Tinh and Luu Thi Thuy were sentenced to seven years and 36 months in prison, respectively. Former chief accountant of the firm Pham Thi Thu Hanh got 36 months while another former chief accountant Dinh Phuc Tieu was given 36 months’ probation. Former acting chief accountant of Housing Group Doan Thi Thanh Thuy was jailed for 24 months.

Only Dinh Phuc Tieu did not appeal.

The verdict read that Nga knew the adjusted planning of the B5 Cau Dien housing project had yet been approved and its construction had yet been licensed. She also knew that Housing Group had not been permitted to mobilise capital paid in advance by those who wanted to buy apartments in the project. 

However, Nga, together with the nine accomplices, intentionally carried out activities to swindle home buyers to appropriate their money.

Nga and her accessories appropriated over 377 billion VND (16.59 million USD) of 726 home buyers. She returned only 28.7 billion VND (1.26 million USD) to 43 clients.

Up to 475 out of 726 clients sent letters of denunciation to the Investigation Department of the Ministry of Public Security, while others also asked for the refund of their appropriated money.

 

                       Source: VNA

Related Topics


Lac Son youth makes impressions with Year of Volunteer Youth

The "Volunteer Youth" movement is the pride of Vietnamese youth. Along with the spread of the movement in Hoa Binh province, the volunteer youth movement in Lac Son district has many imprints, creating a vibrant emulation atmosphere for the youth, contributing to building a rich and civilised homeland.

Kim Boi district gains facelift

Kim Boi district, a revolutionary land rich in cultural heritage, is "awakening” with major opportunities to become a tourism and eco-urban hub in Hoa Binh province and the region as a whole.

Education sector steps up comprehensive quality improvement

Thanks to the support of local authorities, Hoa Binh’s education system continues to achieve significant progress, contributing to meeting comprehensive reform targets and students' learning needs as well as supplying high-quality human resources for the province.

Muong region enjoys strong development

Muong Bi – Tan Lac is one of the four major Muong regions in Hoa Binh province. As the New Year has begun, Tan Lac is filled with hope, optimism, and renewed motivation. These days, village roads and alleyways there are adorned with vibrant flags and flowers, creating a bustling atmosphere to welcome 2025. Local residents are overjoyed as their homeland undergoes a remarkable transformation, with improved living conditions, and greater prosperity and security.

Da Bac district works to boost labour export

Da Bac district, like many other localities, faces challenges such as unemployment and unstable job opportunities, with an average 900 labourers needing vocational training annually and nearly 1,000 looking for jobs. The district has collaborated with the provincial Department of Labor, Invalids, and Social Affairs, job service centres, and domestic and international recruitment agencies to organise job fairs and consultation sessions every year.

Organ donation – the gift of life

Organ donation has been a humanitarian movement across the nation over the recent past. The deeds by donors and their families have inspired many people to register as future donors and embodying the profound message of giving the gift of life.