According to information published in Saigon Giai Phong Newspaper, Ms. HTH (Lien Chieu district) said that VietNam Capital Financial Joint Stock Company, in the name of a bank, advised and received 100 million VND in savings from from April 2023, 6-month term with interest rate of 10.5%/year.
After sending, this company wrote a receipt and issued a “Savings Certificate” with a red stamp signed by Mr. Truong Quoc Thai, Director of VietNam Capital Financial Joint Stock Company.
However, in October 2023, Ms. H went to the company branch at 155 Dien Bien Phu to withdraw money on time, but the office was closed and could not be reached by phone.
“I went to all 5 transaction office branches in Da Nang City but they were all closed. This is the money I saved to take care of my children’s education, but the deadline has passed and I still can’t contact the company to withdraw the money. When I sent it, they gave me advice and the documents were very neat so I trusted them but I didn’t expect it to be like that“, Ms. H. worried.
| Depositor savings certificate provided by the company (Photo: VTC News) |
Not only Ms. H., VTC News recorded the feedback of victims Nguyen Huu T., Nguyen Thi N., Tran Van T., Le The C., Ngo Thi H., Bui Thi T., Nguyen Thi M. . (residing in Thanh Khe district, Da Nang), that VietNam Capital Company has mobilized and invited them to deposit savings with high interest rates. However, at maturity, these people went to the branch headquarters of the above-mentioned VietNam Capital Financial Joint Stock Company to withdraw principal and interest but were unable to do so.
Mr. Le The C. (a green tree company worker) said he deposited 255 million VND into this company but has not been able to withdraw it until now.
“This is the amount of money the couple has accumulated over the past 10 years, and now they are facing the risk of being left empty-handed. Introduced interest rate of 13%/6 months, for an amount of 255 million VND, the monthly withdrawal interest is 2.7 million VND, higher than depositing at the bank, so I deposited it hoping to earn a little more to take care of my children. After sending, I was given a Savings Certificate, signed and stamped by the director, so I felt very confident. Now when I withdraw the principal, I realize I was scammed. I texted and called both the president and director of the company many times but no one answered the phone“, Mr. C. presented.
Accordingly, VietNam Capital wrote a receipt and issued a book recording “Savings Certificate” to those who reported. The certificate has a unique number. Interest rates range from 9.5% to 12.5%/year with maturity period. The book was signed and stamped by Mr. Truong Quoc Thai, Director of VietNam Capita Financial Joint Stock Company.
Specifically, there are more than 40 customers of VietNam Capital who were issued hundreds of savings certificates that are due but have not yet been paid. The amount of savings is at least several hundred million. In many cases, nearly 10 savings books are deposited with deposits ranging from 2-5 billion VND.
There are even cases where he used to work for Mr. Truong Quoc Thai’s family. Ms. LTTT (residing in Thanh Khe district, Da Nang city) said she used to be a part-time housekeeper for Mr. Thai.
Notably, a representative of the State Bank of Da Nang branch said that VietNam Capital Financial Joint Stock Company is not on the list licensed to mobilize deposits according to State regulations.
According to Mr. Nguyen Quang Hieu, Lawyer of the Hanoi Bar Association, the 2010 Law on Credit Institutions clearly stipulates that only banks are allowed to receive deposits from individuals. Non-bank credit institutions (including financial companies) are only allowed to accept deposits from organizations and are not allowed to accept deposits from individuals. Therefore, VietNam Capital Company’s receipt of people’s deposits is inherently inconsistent with the law.
In addition, according to Attorney Hieu, the behavior of VietNam Capital Company has many signs of fraudulent appropriation of property, as prescribed in Article 174 of the Penal Code.
It is known that the Economic Police Department of Da Nang City Police is currently handling complaints from people. The Economic Police Department also invited the plaintiffs to work and collect information for investigation.