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The Hanoi People’s Procuracy has issued a decision to return the case file for supplementary investigation, citing provisions in the Criminal Procedure Code. The decision follows investigation conclusions dated February 12, 2026 from the Hanoi Police Department for Criminal Investigation.
During the indictment phase, on March 4, 2026, the suspects Tran Quoc Huy and Phan Thi Hoa reportedly turned themselves in to the investigation agency. The written request by the investigation agency to withdraw the case file on charges including fraud, money laundering, harboring assets derived from others’ crimes, failure to report crimes, and tax evasion—and to merge it with the ongoing case under the resumed investigation order dated March 4, 2026—was considered to have merit.
Accordingly, the Hanoi People’s Prosecutor’s Office decided to return the case file under the indictment decision dated October 30, 2024 for merging with the case under the resumed investigation order of March 4, 2026 issued by the Hanoi Police. The supplementary investigation period is set not to exceed two months.
Previously, the Hanoi Police completed the investigation and proposed indicting 75 defendants, including Phó Đức Nam (Mr Pips) for two crimes: fraud and money laundering. As of the investigation conclusion dated February 12, 2026, a total of 83 defendants had been indicted.
Investigators said that in 2019, Phó Đức Nam conspired with a Turkish national named Isik Uran to create 36 websites and operate shell companies. These entities were used to recruit personnel, sign contracts to provide VOIP-number services for Zoiper, and open 69 bank and intermediary payment accounts linked to exchanges to receive victims’ funds.
Nam allegedly rented offices in major cities to recruit staff and operate a coordinated system to defraud. Evidence cited by investigators indicates Nam committed fraud as the mastermind across 738 cases totaling over VND 1,300 billion.
An accomplice, Lê Khắc Ngọ (Mr Hunter), was said to have assisted Nam and managed 20 offices to recruit victims for investment. Ngọ is implicated in 180 fraud cases totaling VND 216 billion.
For Nguyễn Hòa Bình (Shark Bình), Trần Thị Thanh Tam, and Nguyễn Thị Nam, investigators found that from June 2020 they knew about exchanges DK Trade, ASX, ACX, Sea Investing, Honor, and ScopeMarkets run by Phó Đức Nam, but continued customer support and provided Ngân Lượng wallets to these exchanges to benefit from trading fees.
Investigators also alleged that Bình ordered Nam and Tam to coordinate with Nam and exchange staff to fabricate data and provide fake wallet histories to obstruct investigation into money flows and authentic wallet activity on the forex platforms.
From June 15, 2020 to September 23, 2022, investigators said about 150 victims transferred funds to Ngân Lượng wallet accounts at banks, totaling more than VND 213.4 billion, to fund investments on forex platforms GKFX, DK Trade, ASX, ACX, Sea Investing run by Phó Đức Nam.
The investigation concluded that Nguyễn Hòa Bình, Trần Thị Thanh Tam, and Nguyễn Thị Nam committed money laundering.
The investigation concludes that the matter is a fraud and money-laundering case involving harboring assets derived from crime and severe tax evasion, occurring in Hanoi and several provinces. Investigators said the perpetrators operated with international reach using information technology and the internet to establish international stock and currency exchanges, and employed secure communications apps (including Zalo, Telegram, Signal, Zoiper, among others) to coordinate illicit activities.
This summary is from Toàn Thắng. Government News. Original source: Baochinhphu.vn.
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