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The Office of the Investigation Police Agency of Dong Nai Province has completed its investigation and recommended charging Dang Ngoc Nhung (born 1986, Tay Ninh Province) with the crime of “Fraudulent appropriation of assets” under Clause 4, Article 174 of the Penal Code.
According to the investigation results, from early 2019 to December 2019, Nhung had no stable employment and owed money to many people. To fund her lifestyle, she provided false information about borrowing money to “renew a bank loan,” then lent the money to others to build trust.
Relying on this scheme, 13 victims transferred money to Nhung. After receiving the funds, she did not fulfill her commitments and instead embezzled a total of more than 17.3 billion VND to repay debts and finance personal spending.
Dong Nai Police Office said the case continues to serve as a warning about the “bank loan renewal” fraud tactic. While the tactic is not new, police noted it has become more sophisticated and targets people who seek quick profits or short-term financial help.
Citizens are advised to stay vigilant, verify information carefully before making money transfers, and promptly report any suspicious signs to the police for support and handling to help prevent and effectively fight this type of crime.
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