The general director of Nhat Cuong Mobile, a technology firm and major mobile phone seller in Hanoi, has been apprehended for his alleged involvement in an organized smuggling ring.
Officers under the Ministry of Public Security on Tuesday arrested and initiated legal proceedings against Bui Quang Huy, general director of Nhat Cuong Mobile, and his eight accessories for “smuggling” and “violating financial accounting regulations, resulting in serious consequences.”
The arrest warrant had been approved by the Supreme People’s Procuracy on the same day.
Preliminary information showed that Huy and the other suspects had established an organized transnational smuggling ring, and created two financial accounting systems to pocket trillions of dong (VND1 trillion = US$43 million).
Local authorities are expanding their investigation to clarify the role of each member and figure out the exact amount of money the illegal ring had earned.
Since 2001, Nhat Cuong Mobile had opened nine mobile phone retail stores on major streets in the capital until its shutdown last week.
It also operated the largest warranty center in northern Vietnam, and an ERP (enterprise resources planning) center in Ho Chi Minh City.
|Bui Quang Huy, general director of Nhat Cuong Mobile, in this photo provided by officers|
Nhat Cuong Mobile had a subsidiary named Nhat Cuong Software Solutions, which specialized in information technology, enterprise management software, network solutions and system integration.
Last week, anti-smuggling officers under the Ministry of Public Security, in coordination with the municipal Department of Police, examined multiple stores of Nhat Cuong Mobile, resulting in the shutdown of all of its nine outlets as well as the firm’s official website and Facebook page.
Officers also inspected the company’s headquarters on Tran Phu Street in Ba Dinh District.
Thousands of mobile phones, tablets, other electronic devices and a number of relevant documents were confiscated after the inspection to facilitate the investigation.
According to the Penal Code, smugglers who pocket VND1 billion ($43,000) and more shall be sentenced to 12 to 20 years in prison.
Violating regulations on financial accounting is punishable by ten to 20 years behind bars, if the damage is worth VND1 billion and over.