Thanks to the ability to communicate in Korean fluently and introduced by acquaintances, Do Thi Ha Xuyen (1988, resident of Hoa Xuan ward, Cam Le district, Da Nang city) was trusted by the Korean boss to assign the two companies to contribute capital by him. Taking advantage of the job position and trust of the Korean boss, Do Thi Ha Xuyen gradually ‘withdraws’ more than 6 billion of the business to serve the personal purposes.
Specifically, in April 2016, Mr. Lee Hoon Bok (1970, Korean nationality) came to Vietnam to investigate the market to prepare for business investment in the field of support for the dyeing industry. Due to not understanding the legal procedure, Mr. Lee asked acquaintances to introduce Vietnamese personnel to support the establishment and operation of the business.
Through the relationship, Do Thi Ha Xuyen, a Korean fluent person who was introduced to Mr. Lee to interview. Through exchanging, Mr. Lee agreed to take over to work and ask her to establish KSTC Vina Trading and Service One Member Limited Company (referred to as KSTC Company) and Kesan Tex-Chem Vietnam Company Limited (referred to as Kesan Company).
Due to regular movement between Korea and Vietnam, in 2016, Mr. Lee appointed Xuyen as CEO of Kesan Company, assigned the right to sign vouchers with banks, customs and authorities. At the same time, Xuyen was also tasked with financial management of both companies and periodically reported to Mr. Lee.
Initially, Xuyen opened a bank account for 2 companies in Vietcombank to serve business activities. Customers pay via bank transfer to these accounts. By the end of October 2019, due to problems in international payment, Xuyen actively proposed to open an account at Public Vietnam (PublicBank) and was approved by Mr. Lee. However, when setting up a new account, Xuyen only registered himself to access and monitor the balance fluctuations.
Taking advantage of the trust of the Korean boss, from mid-November 2019, Xuyen began to commit acts of appropriating property. The female director uses the executive right to sign cash withdrawal or transfer from the business account to the personal account, with the amount of money beyond the actual payment needs for partners. The excess amount is retained and spending on personal purposes such as buying houses, land, repairing houses, paying debts, shopping for family activities …
Not stopping there, Xuyen also has acts of counterfeiting financial statements. Each week, she still sent Lee the reports in Korean, but only listed the revenues and expenditures related to business activities, absolutely did not mention the money transferred to the personal account. To deceive comparison, Xuyen also arbitrarily edit the bank transaction statement, delete, add or edit transactions on the Excel table downloaded from the system of publicBank, then send to Mr. Lee via e-mail as usual.
From November 2019 to the end of May 2023, with sophisticated tricks, Xuyen appropriated the amount of more than 6 billion of the two companies mentioned above. By the end of May 2023, Mr. Lee discovered an abnormal in financial statements, so he checked all the data. When he discovered the incident, he immediately reported to the authorities. At this time, Xuyen quit his job, did not hand over any assets related to the company, her bank account no longer had money.
Working with the investigating agency, Xuyen declared that most of the money used to appropriate personal expenses, buying houses, repayments, family activities and transferred money to her husband, Mr. Huynh Ngoc T., because the cash flow was used for many different purposes, just cash, just transferred, the investigation process could not fully identify the purpose and time of specific use of each amount. Currently, Xuyen no longer owns assets as houses, land use rights, bank accounts in the name of Xuyen no longer have money, so it is impossible to recover the amount of money appropriated.
On April 25, the People’s Court of Da Nang tried and sentenced the defendant Do Thi Ha Xuyen to 18 years in prison for “Property embezzlement”.