On January 22, Da Nang Police announced that they had expanded their investigation into the large-scale money laundering ring, arresting multiple suspects and confiscating related evidence.

During raids on the suspects’ homes and workplaces, police seized 122 counterfeit seals, 40 original business registration certificates, and numerous tools and documents linked to the operation.

Initial investigations revealed that between 2022 and 2024, T.Q.T., a 36-year-old resident of Hai Chau District, Da Nang, forged citizen identification cards to establish 187 shell companies.

He also counterfeited seals from banks, government offices, and notary agencies to authenticate the fake identification cards and business licenses of these enterprises.

Based on these falsified documents, T.Q.T. registered over 600 corporate bank accounts, which he sold to other parties. These accounts were used to funnel and legitimize illicit funds derived from criminal activities such as fraud and online gambling from abroad into Vietnam.

The total transactions made through these bank accounts amounted to nearly 30 trillion VND, including an estimated 300 billion VND in foreign currency.

Network of accomplices revealed

Investigators identified several accomplices in Da Nang who supported T.Q.T.’s activities, including N.H.M. (23, from Hoa Vang District), H.N. (25), N.T. (29, both from Hai Chau District), and M.D. (26, from Lien Chieu District).

N.H.M. collaborated with T.Q.T. to forge identification cards for the establishment of shell companies.

H.N. created and sold bank accounts to M.D. and N.H.M., while also assisting in recovering 780 million VND transferred into these fraudulent accounts.

Another suspect, N.T., a bank employee, conspired with T.Q.T. to open numerous bank accounts, which were then sold for illicit transactions. N.T. also provided account information to T.Q.T., facilitating the withdrawal of 900 million VND linked to criminal activities.

Da Nang Police are actively expanding their investigation into the case, aiming to recover as much stolen money as possible to return it to the victims.

Ho Giap