Fifteen prosecuted in Nhat Cuong mobile company smuggling case

The Investigation Police Agency under the Ministry of Public Security has proposed prosecuting 15 people involved in the Nhat Cuong Technic Co Ltd case for smuggling and violating accounting regulations, causing serious consequences.

Investigation Police Agency, Nhat Cuong Technic Co Ltd, accounting regulations, Bui Quang Huy, Nhat Cuong Mobile, Vietnam, Vietnam News Agency, Investigation Police Agency, Nhat Cuong Technic Co Ltd, accounting regulations, Bui Quang Huy, Nhat Cuong Mobile, Vietnam, Vietnamplus, Vietnam News AgencyBui Quang Huy, General Director of the Nhat Cuong Technic Co Ltd (Source: Internet)
Hanoi (VNA) - The Investigation Police Agency under the Ministry of Public Security has proposed prosecuting 15 people involved in the Nhat Cuong Technic Co Ltd case for smuggling and violating accounting regulations, causing serious consequences.

The agency also launched legal proceedings against Bui Quang Huy, General Director of the Nhat Cuong Technic Co Ltd, the parent company of the popular smartphone and mobile devices chain store Nhat Cuong Mobile in Hanoi. Huy is on the run and being sought by police.

The defendants who are being prosecuted for smuggling include Nguyen Bao Ngoc, the firm's finance director.

Ngoc is also being prosecuted for violating accounting regulations, causing serious consequences, alongside Nguyen Thi Bich Hang, chief accountant of Nhat Cuong Company.

According to the investigators, Nhat Cuong Company, headed by Huy as general director, was established in 2001.

From 2013-2019, Nhat Cuong Company’s business focused on selling mobile phones and other electronic devices. However, the company allegedly purchased goods from foreign countries for sale in Vietnam without going through customs and did not pay taxes.

In 2014-2019 period, Nhat Cuong sold more than 255,000 mobile phones and electronic equipment with a value of more than 2.92 trillion VND. Huy allegedly spent more than 72 billion VND illegally transporting equipment from China to Vietnam for distribution, earning a profit of more than 221 billion VND.

Huy is thought to have asked Ngoc and Hang to make accounting materials on two different systems, one for their internal use and another fake one for public reporting. 

During the investigation, police also blocked a number of accounts worth more than 8 billion VND and temporarily confiscated nearly 2,000 mobile phones, Apple watches and computers./.
VNA
News Related

OTHER NEWS

Vice President pays pre-Tet visit to poor workers in Binh Duong

Vice President Dang Thi Ngoc Thinh on January 22 led a delegation visiting poor employees at the Vietnam Dairy Factory at the My Phuoc II Industrial Park in the southern province of Binh... Read more »

Australia Day marked in Ho Chi Minh City

With a firm foundation from sound bilateral relations and the determination of senior leaders of both sides, Vietnam and Australia will enjoy a stronger partnership in the future, according to Ngo Thi Phuong... Read more »

Tet gifts presented to disadvantaged people

Vice State President Dang Thi Ngoc Thinh on January 22 visited and presented gifts to social policy beneficiaries, workers, and disadvantaged students in Duc Hoa district in the Mekong Delta’s Long An... Read more »

In Vietnam, food supplier found dousing snails in industrial chemicals before catering

Authorities in Ho Chi Minh City have detected the shady practice of using industrial chemicals to increase snails’ weight before distributing them to eateries and restaurants. Police officers uncovered the use of industrial... Read more »

Vietnam News Agency helping spread official news on 13th National Party Congress

Welcoming the 13th National Congress of the Communist Party of Vietnam, the Vietnam News Agency (VNA) has put into operation a special website (https://daihoidang.vn/) that provides information and news on the country's major... Read more »

Ho Chi Minh City ready for another test round of electric buses

The Ho Chi Minh City Department of Transport has submitted a proposal on the protraction of electric bus testing. According to the department, the city has piloted electric vehicles on three non-subsidized bus... Read more »

13th National Party Congress press centre opens

The Party Central Committee’s Commission for Information and Education opened a press centre serving the upcoming 13th National Party Congress at a ceremony in Hanoi on January 22. Read more »

Two new imported COVID-19 cases confirmed on Friday

Two new imported cases. One Indian expert and one Vietnamese man returning from Japan. Read more »

Quang Ninh sets up more cameras along border to prevent COVID-19

More cameras have been set up in the border city of Mong Cai in northern Quang Ninh province to step up efforts in tackling COVID-19 by preventing illegal entry and smuggling, according to... Read more »

Hanoi sounds alarm on negligence of COVID-19 guidelines

The Hanoi Department of Health has called out local supermarkets for slacking off on following COVID-19 prevention guidelines. Chu Xuan Dung, deputy chairman of the municipal People’s Committee, officiated a meeting on epidemic... Read more »