LDG Investment deputy general director arrested for deceiving customers
Dong Nai province’s police on Thursday arrested Nguyen Quoc Vy Liem, former deputy general director of LDG Investment Joint Stock Company, for “deceiving customers”.
The case occurred at the Tan Thinh residential complex (Viva Park), invested by LDG, in Trang Bom district, Dong Nai province, southern Vietnam.
The police said they were continuing to investigate several people for “abusing positions and power while on duty” and “deceiving customers”.
The case has been placed under the monitoring and direction of the Central Steering Committee on Anti-corruption and shortcomings.
Expanding their investigation, Dong Nai province police determined that Nguyen Quoc Vy Liem, born in 1979, had deceived customers by signing contracts to sell houses and land use rights at the Viva Park project, illegally gaining hundreds of billions of Vietnamese dong for LDG (VND100 billion = $4 million).

The police reads the decision to launch legal proceedings against and arrest Nguyen Quoc Vy Liem, former deputy general director of LDG Investment Joint Stock Company, April 11, 2024. Photo courtesy of the police.
For the same charges of “deceiving customers”, in November 2023, the police arrested Nguyen Khanh Hung, born in 1978, chairman of LDG.
Legal proceedings were also launched against five officials of Trang Bom district for “abusing positions and power while on duty”.
Police have asked organizations and individuals who signed contracts to buy houses and land use rights at the Viva Park project to provide documents and evidence so the violators can be punished in line with the law.
Two other LDG projects - West Intela and High Intela in District 8, Ho Chi Minh City - are also entangled in controversy because having taken buyers' money, the projects were put on the shelf and properties were not transferred as scheduled.
In the field of securities, in August 2023, Hung, then chairman of LDG, secretly sold more than 2.6 million LDG shares without informing relevant authorities of the upcoming sale.
For this act, Hung was fined more than VND520 million ($20,780) and banned by the State Securities Commission from trading stocks for four months.
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