US$1.2bil money laundering case uncovered in Danang


The five arrested have been accused of forging seals and documents in order to transfer money illegally between 2022-24. - Photo courtesy of Nghi Son

DANANG, (Vietnam): A money laundering criminal gang has been dismantled by the economic crime police unit under the central city’s public security department, reporting that an estimated VNĐ30 trillion (US$1.2 billion) was transferred illegally through 600 bank accounts in Vietnam.

The department said the five suspects were in custody, while fake seals and documents on the establishment of 187 shell companies, forged identity cards and business certificates, had been seized.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Vietnam crowned as world’s most affordable expat destination for fifth straight year
Indonesia pledges up to 8,000 troops to Gaza, deployment in 1-2 months: Prabowo
Suspect used ChatGPT in planning drug killings in South Korea: Police
Thai army reports wildfire situation in eight border areas, originating from Cambodia
Philippines' Duterte earned global infamy, praise at home
Crew member dies after fire on cruise ship en route to Singapore; all 224 passengers safe
Stocks dip and oil climbs as Trump ramps up Iran threats
Three rural areas in Sabah declared disaster zones after floods
FBM KLCI lift slightly amid higher crude oil prices
North Korea's Kim opens 9th Party Congress citing economic achievements

Others Also Read