Police arrest Dai-ichi Life Vietnam agency director for 'appropriating property'
Ho Chi Minh City police has detained Truong Manh Ha, 49, director of the general agency of Japanese-invested Dai-ichi Life Vietnam in Vung Tau ward, on charges of abusing trust to appropriate property.
Truong Manh Ha, director of the Vung Tau general agency of Dai-ichi Life Vietnam. Photo courtesy of the police.
According to initial findings, Ha personally advised a client named P.C.S. to sign two life insurance contracts - one for himself and one for a woman identified as P.T.Đ. Since 2015, P.C.S. had consistently paid premiums for both policies.
However, due to working offshore and being unable to visit the agency in person, P.C.S. transferred premium payments to Ha on December 16, 2022; July 4, 2023; and January 16, 2024, asking him to pay on his behalf.
Instead of forwarding the payments to the insurance company, Ha allegedly misappropriated the money for personal use, resulting in both policies falling into premium arrears.
To support the investigation, Ho Chi Minh City police have issued a call for victims who may have been affected by Ha’s actions to contact investigators for details.
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