In Ho Chi Minh City, Vietnam, authorities have arrested a 28-year-old Nigerian man accused of establishing more than 250 companies to facilitate money laundering for criminal elements based abroad.
Eneh Davidson Caleb, along with
his Vietnamese wife Nguyen Thi Thanh Thuy, 35, and 11 others were arrested on
Saturday, April 27, 2024, by HCMC police on charges of money laundering and
illegally trafficking money across borders.
Earlier this month, police
received reports about a company in Ukraine that had been conned by a criminal
group using forged email addresses. The company had agreed to transfer money
into certain bank accounts in HCMC per the fraudsters’ request.
By tracing the money flow, police
discovered that the money was transferred several times before being withdrawn
and brought to Cambodia.
Investigators then discovered
the ring was a foreign group cooperating with Vietnamese collaborators. Police
launched a full-scale investigation into the group, collecting evidence to
ascertain their exact identities, locations, and crush the entirety of their
criminal activities.
Investigators identified 13
suspects in relation to the case. They discovered that the suspects had formed
a total of 250 companies, either directly or by hiring someone else to do so.
They had also opened fraudulent bank accounts they used for criminal activities,
investigators said.
The police then identified over
100 bank accounts related to the case.
Having by then accumulated all
the digital evidence they needed, law enforcement agency forces raided 12
locations to seize physical evidence. At Caleb and his wife’s house, special
forces confiscated 234 seals belonging to the companies formed for the sake of
money laundering.
Authorities said the criminals
had been conning foreign companies into giving them money that they would then
transfer to companies formed in Vietnam, masquerading as partners of the conned
firms. These funds would then be transferred internationally multiple times
before being withdrawn, according to authorities.
Investigators said the cash
would eventually be transferred to the Yen Sao Kingfood facility on District
11's Le Dai Hanh Street, and the Duc Long gold shop on Tan Binh District's Pham
Van Hai Street. The money would then be transported to Cambodia, police said.
Raids at the two aforementioned
locations resulted in the confiscation of VND9 billion ($355,099) and $1.5
million in cash, along with other foreign currencies. Initial investigations
revealed that the total value of illegal transactions at the Duc Long gold shop
amounted to around VND13 trillion.
Further investigations into the
case are ongoing.
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