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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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On 10 April, the Hanoi People’s Court heard the case of Fraud and Asset Misappropriation and Money Laundering involving defendant Nguyễn Hữu Quân (Chairman of the Board of Directors of Thăng Long Asset Management and Exploitation Joint Stock Company). According to the indictment, the Tiến Xuân Center for Driving Training and examination project (Tiến Xuân Center, at Tiến Xuân commune, Luong Son district, Hoa Binh Province, now Hoa Lac, Hanoi) had not been approved by the competent authorities with a detailed 1/500 zoning plan. However, on 15 August 2010, defendant Nguyễn Hữu Quân, Chairman of Thăng Long, signed a business cooperation contract with Thăng Long’s subsidiary company to implement the project. On 20 August 2011, Thăng Long terminated the contract with Thăng Long. Under the contract, Thăng Long had no right to sign entrusted investment contracts, cooperate with individuals or organizations to mobilize funds, or to buy land at the project. The indictment shows that the defendant still unilateral prepared a 1/500 scale land-use map for the Tiến Xuân Center containing deceptive information, inconsistent with the map approved by the Hoa Binh Province People’s Committee. From October 2010 to March 2011, through brokers and online inquiries, investors learned that Thăng Long had advertised many adjacent land plots and villas at the project. From 28 September 2010 to 9 May 2011, the defendant directed the director of Thăng Long to sign 12 entrusted investment contracts with 11 victims (in fact contracts to obtain land at the project), collecting more than 11.9 billion VND. In addition, Thăng Long signed entrusted investment contracts with HL Company to reap more than 18.8 billion VND. After signing with the victims, the defendant did not perform as committed, did not hand over land, but did not return the money and instead misappropriated it for personal use. The total amount misappropriated was determined to be over 30.8 billion VND. After committing the crimes, Quân also used part of the embezzled funds to launder money by purchasing 2,474.6 square meters of land in Thai Nguyen and registering a relative’s name on the land-use certificates. After one day of trial, the court sentenced Quân to life imprisonment for Fraud and Asset Misappropriation, and 10 years for Money Laundering. This case had previously been brought to trial at the end of 2025. The court returned the file for further investigation to clarify the source of funds used to buy land in Thai Nguyen and other matters. The Hanoi People’s Procuracy maintained the charges as per the 2025 indictment.

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