Before his arrest, Nguyen Van Duong was a businessman who held the position of Chairman of CNC Corporation. Established in 2017, CNC Corporation’s main activities included providing electronic payment services, collection and disbursement services, and e-wallet services.
Duong also served as the Chairman of the Board of Directors of UDIC Investment Corporation. UDIC was one of the contractors involved in the construction of the Bac Giang – Lang Son expressway project. However, due to financial incapacity, UDIC had to withdraw from the project.
During the campaign against illegal gambling activities conducted by the Ministry of Public Security, Nguyen Van Duong came under suspicion. According to the gathered information, Duong was suspected of leading a multi-billion gambling organization. This organization received protection from several high-ranking officials within the Ministry of Public Security. After an investigation period, Nguyen Van Duong was arrested for involvement in illicit gambling activities. Other accomplices were not processed due to insufficient evidence for prosecution.
Reasons for Nguyen Van Duong’s arrest – How much money does Nguyen Van Duong still owe for executing the sentence?
CNC Corporation and Phan Sao Nam collaborated to organize various forms of illicit gambling. According to the investigation, Nguyen Van Nam nguyen van duong rikvip and his accomplices engaged in illegal activities to amass a sum of up to 1,600 billion Vietnamese dong. Duong’s actions constituted the offenses of “Organizing gambling” and “Money laundering.” The illicit funds were circulated and invested in projects to legitimize them.
Furthermore, Nguyen Van Duong engaged in bribery by offering 700 million Vietnamese dong and antivirus software to Nguyen Thanh Hoa (Director of the C50 Department) and Phan Van Vinh. Nguyen Van Duong’s case was connected to 92 other defendants. He was the mastermind behind the unlawful gambling organization. According to the verdict issued by the Trial Council, Nguyen Van Duong was sentenced to a total of 10 years in prison, consisting of 5 years for “Organizing gambling” and 5 years for “Money laundering.” The court’s judgment included confiscation of state-owned assets.
To answer the question “How much more money does Nguyen Van Duong need to pay to serve the sentence?” we need to determine the amount he is required to pay. In addition to the 10-year prison sentence, Nguyen Van Duong was fined a total of 1,655 billion Vietnamese dong. As of now, he has paid over 318 billion Vietnamese dong. Therefore, as of the current date, Nguyen Van Duong still owes an outstanding penalty of 1,337 billion Vietnamese dong.
According to the enforcement agency, some of Nguyen Van Duong’s assets in Hanoi, Da Nang, and Ho Chi Minh City are currently undergoing recovery and processing. However, these assets are considered limited and unable to significantly reduce the outstanding penalty that Nguyen Van Duong is required to pay.
As for Phan Sao Nam’s company, it was sentenced to a financial penalty of 1,455 billion Vietnamese dong. However, as of now, Phan Sao Nam has paid over 1,374 billion Vietnamese dong. It is evident that the amount Phan Sao Nam still owes to the state authorities is significantly less than Nguyen Van Duong’s outstanding penalty.