Bank Inspector arrested for using fake documents

Company newsletter providing personal information investigation services in Ho Chi Minh City, Vietnam.

Pham Trong Cuong, inspection and supervision specialist of the State Bank, Ho Chi Minh City branch, was accused of using fake documents to borrow 5.5 billion VND and then appropriating it.

Cuong, 42 years old, was detained by the Police Investigation Office, Ho Chi Minh City Police for fraudulent appropriation of property and using fake seals and documents of agencies and organizations.

Cuong is a supervisory inspection specialist at the State Bank – Ho Chi Minh City Branch and has a loan at Ban Viet Bank that is overdue and has no money to pay interest.

Cuong owes more than 4 billion VND to many places. He liquidated real estate assets on Phan Dang Luu Street, Ward 1, Phu Nhuan District, Ho Chi Minh City.

According to the investigation, in 2021, Cuong needed money so he hired a forged “loan approval” document from the Vietnam Bank for Agriculture and Rural Development to mortgage his assets.

Cuong approached Loan Online247 Financial Technology Joint Stock Company to “temporarily borrow” 5.5 billion VND to handle the work.

Cuong asked someone to pretend to be an employee of the Vietnam Bank for Agriculture and Rural Development – West Saigon Branch to hand over a fake document called “Loan approval decision”, and at the same time provide false information about “debt balance”. loan” at Ban Viet Bank.

Cuong was disbursed 5.5 billion VND into his account by Loan Online247 Finance Company and appropriated this amount.

The investigation agency has verified and arrested Cuong, a private investigation service in Vietnam