Content of trực tiếp bóng đá k+ first instance criminal judgment of trực tiếp bóng đá k+ Alibaba case in Vietnam

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On December 29th, 2022, trực tiếp bóng đá k+ People's Court of Ho Chi Minh City issued a verdict in trực tiếp bóng đá k+ criminal case 607/2022/HS-ST on trực tiếp bóng đá k+ charges of Fraudulent appropriation of property and Money laundering against trực tiếp bóng đá k+ defendants Nguyen Thai Luyen, Vo Thi Thanh Mai, and other defendants in trực tiếp bóng đá k+ Alibaba case.

1. Details of trực tiếp bóng đá k+ Alibaba case

According to trực tiếp bóng đá k+ documents in trực tiếp bóng đá k+ case file and trực tiếp bóng đá k+ proceedings in court, trực tiếp bóng đá k+ details of trực tiếp bóng đá k+ Alibaba case are summarized as follows:

- Alibaba Real Estate Joint Stock Company (abbreviated as Alibaba Company), headquartered at 321 Dien Bien Phu, Ward 15, Binh Thanh District, Ho Chi Minh City, was granted a Business Registration Certificate by trực tiếp bóng đá k+ Ho Chi Minh City Department of Planning and Investment on May 5th, 2016, with a charter capital of 1 billion VND.

It was subsequently amended on September 26th, 2017, increasing trực tiếp bóng đá k+ charter capital to 1,600 billion VND. Alibaba Company, with Nguyen Thai Linh as trực tiếp bóng đá k+ Director - Legal representative, had trực tiếp bóng đá k+ following shareholders:

+ Nguyen Thai Linh holding 49.5%;

+ Nguyen Thai Luyen, Chairman of trực tiếp bóng đá k+ Board of Directors (BOD) and Chief Executive Officer (CEO) (Linh's older brother), holding 1%;

+ Vo Thi Thanh Mai (Luyen's wife) holding 49.5%;

+ Main business activity: Real estate.

To serve trực tiếp bóng đá k+ business of Alibaba Company, Nguyen Thai Luyen directed trực tiếp bóng đá k+ establishment of 22 legal entities operating in various fields such as real estate, media, transportation, etc., with individuals from Luyen's family (including Luyen's younger brother, Luyen's wife) and some employees of Alibaba Company serving as Directors - Legal representatives.

- Regarding trực tiếp bóng đá k+ offense of "Fraudulent appropriation of property":

Recognizing trực tiếp bóng đá k+ significant demand for affordable real estate investment for residential and construction purposes of many residents in Ho Chi Minh City, Dong Nai province, Ba Ria - Vung Tau province, Binh Thuan province, and many other localities nationwide:

Luyen devised a business method on non-existent projects, which he named and drew on agricultural land following a 5-step process, then instructed his employees to carry out in order to gain trực tiếp bóng đá k+ trust of investors who would deposit money with Luyen, specifically:

Step 1:Nguyen Thai Luyen used a small portion of personal funds and a large portion of funds embezzled from customers to instruct individuals, including trusted family members and employees of Alibaba Company, to register as recipients of a large number of agricultural land transfers in Dong Nai, Ba Ria - Vung Tau, and Binh Thuan provinces.

Step 2: trực tiếp bóng đá k+ individuals who received trực tiếp bóng đá k+ land transfers as mentioned above signed Power of Attorney contracts, granting authority to trực tiếp bóng đá k+ legal entities established by Luyen to draw up non-existent "projects" on agricultural land, dividing and subdividing plots in violation of regulations as directed by Luyen.

(All projects were not registered with trực tiếp bóng đá k+ Land Administration Authority for land use conversion or subdivision in accordance with trực tiếp bóng đá k+Land Law 2013; no procedures were carried out in accordance with legal regulations for project establishment).

Step 3: After receiving trực tiếp bóng đá k+ power of attorney, trực tiếp bóng đá k+ above legal entities, acting as investors, drew up non-existent projects, subdivided plots (dividing plots from 100 m2 to less than 400 m2 in violation of regulations, clearly indicating residential land, long-term use, etc.), and used media outlets for advertising and sales.

Step 4: Luyen continued to direct trực tiếp bóng đá k+ investors to sign business cooperation contracts for trực tiếp bóng đá k+ distribution of land plots with Alibaba Company, making this legal entity a distributor of land plots and directly collecting money from customers.

Step 5: After customers agreed to purchase, Nguyen Thai Luyen directed trực tiếp bóng đá k+ legal entities as investors to sign Agreed Contracts, transferring trực tiếp bóng đá k+ land use rights to customers, but trực tiếp bóng đá k+ money was deposited with Alibaba Company for Luyen's management and use.

To gain trust and attract customers, Nguyen Thai Luyen also used sales tactics such as a commitment to repurchase at a higher price of at least 30% after 12 months or 38% after 15 months from trực tiếp bóng đá k+ deposit date, or a leaseback option at a rate of 2% per month from trực tiếp bóng đá k+ signing date with 95% of trực tiếp bóng đá k+ contract value paid.

With this method, almost all customers who received land transfers in trực tiếp bóng đá k+ form of residential land sold by Alibaba Company did not receive land use rights certificates (hereinafter referred to as land use rights certificates) as promised when due, but instead, trực tiếp bóng đá k+ certificates would be converted to interest payments or repurchased based on trực tiếp bóng đá k+ option contracts or accompanying contract appendices.

2. Some remarks from trực tiếp bóng đá k+ Trial Council in trực tiếp bóng đá k+ Alibaba case:

- Defendant Nguyen Thai Luyen argued that trực tiếp bóng đá k+ mentionedprojects did not require permission from trực tiếp bóng đá k+ authorities, while trực tiếp bóng đá k+ defense lawyer argued that these projects were all real but had not been approved by trực tiếp bóng đá k+ competent authorities.

trực tiếp bóng đá k+ Trial Council assessed as follows:Land is a limited resource, so every country in trực tiếp bóng đá k+ world, including Vietnam, has policies to manage land use, specifically Article 6 of trực tiếp bóng đá k+ Land Law 2013 stipulates:

"Article 6. Principles of land use

1. Compliance with land planning, land use plans, and land use purposes.

2. Conservation, efficiency, environmental protection, and not causing harm to trực tiếp bóng đá k+ legitimate interests of land users around."

Accordingly, each locality has regulations on land use limits. However, in order to acquire a large amount of agricultural land, Nguyen Thai Luyen used trực tiếp bóng đá k+ trick of having many relatives and subordinates put their names on trực tiếp bóng đá k+ land, and by trực tiếp bóng đá k+ time trực tiếp bóng đá k+ case was discovered, trực tiếp bóng đá k+ defendant had transferred 2,078,481.2 m2 in Binh Thuan province, 838,074 m2 in Ba Ria - Vung Tau province, and 1,519,783.96 m2 in Dong Nai province, exceeding trực tiếp bóng đá k+ prescribed limits by a significant amount.

trực tiếp bóng đá k+ defendant himself has experience in trực tiếp bóng đá k+ real estate business since 2012 and is well aware that "investment projects in trực tiếp bóng đá k+ construction of houses for sale or for combined sale and lease must transfer land use rights under trực tiếp bóng đá k+ form of a plot subdivision, land lot sale," which must meet trực tiếp bóng đá k+ following conditions:

(1) trực tiếp bóng đá k+ land for implementing trực tiếp bóng đá k+ project must have a land use rights certificate;

(2) Approved by trực tiếp bóng đá k+ provincial People's Committee for investment decisions;

(3) changed trực tiếp bóng đá k+ purpose to residential land;

(4) Completed trực tiếp bóng đá k+ investment in infrastructure, including service works, technical infrastructure, and social infrastructure, according to trực tiếp bóng đá k+ approved detailed construction planning at a scale of 1/500; ensuring connection with trực tiếp bóng đá k+ general infrastructure system of trực tiếp bóng đá k+ area before transferring land use rights to people for self-construction of houses; ensuring trực tiếp bóng đá k+ provision of essential services, including electricity supply, water supply, drainage, and waste collection;

(5) Completed financial obligations related to land of trực tiếp bóng đá k+ project.

However, comparing trực tiếp bóng đá k+ documents in trực tiếp bóng đá k+ case file and trực tiếp bóng đá k+ defendant's testimony in court, it was determined that trực tiếp bóng đá k+ defendant did not have any documents requesting investment decisions for trực tiếp bóng đá k+ 58 projects that trực tiếp bóng đá k+ defendant had implemented. At trực tiếp bóng đá k+ time of signing trực tiếp bóng đá k+ land use rights transfer contract, most of trực tiếp bóng đá k+ projects were still agricultural land that had not been converted to residential land, and Alibaba Company had not yet implemented infrastructure construction but only used trực tiếp bóng đá k+ land for cutting trees, filling in, and putting up advertising signs for plot subdivision and land lot sale projects. But trực tiếp bóng đá k+ defendants created detailed drawings at a scale of 1/500 showing trực tiếp bóng đá k+ infrastructure, including service works, technical infrastructure, and social infrastructure, as well as plot maps. Therefore, trực tiếp bóng đá k+ People's Procuracy of Ho Chi Minh City determined that all 58 projects that did not exist had a basis, so trực tiếp bóng đá k+ Trial Council did not accept trực tiếp bóng đá k+ defendant's presentation and trực tiếp bóng đá k+ defense lawyer's argument on this issue.

- trực tiếp bóng đá k+ defense lawyer argued thatAlibaba Company owned land, and most of it was in trực tiếp bóng đá k+ rural residential land planning, so trực tiếp bóng đá k+ agreements between trực tiếp bóng đá k+ defendants for transferring assets formed in trực tiếp bóng đá k+ future and not reaching trực tiếp bóng đá k+ deadline for asset transfer were legal civil transactions.

trực tiếp bóng đá k+ Trial Council stated thatland is a special asset, so trực tiếp bóng đá k+ State has strict regulations on transaction conditions. However, all trực tiếp bóng đá k+ land plots sold by trực tiếp bóng đá k+ defendants did not meet trực tiếp bóng đá k+ 5 conditions for transfer as mentioned above, mostly being agricultural land, and even productive forest land (such as trực tiếp bóng đá k+ Alibaba Long Phuoc 15 project), which had not been converted to residential land.

In addition, most of trực tiếp bóng đá k+ projects, trực tiếp bóng đá k+ defendants drew trực tiếp bóng đá k+ projects themselves and sold them to customers immediately after agreeing to transfer agricultural land and depositing for residents without updating trực tiếp bóng đá k+ changes in trực tiếp bóng đá k+ land use rights holder and registering trực tiếp bóng đá k+ transfer of land use rights. trực tiếp bóng đá k+ Ali Venice City project, trực tiếp bóng đá k+ Alibaba Toc Tien Residence 3 project, although Alibaba Company had only made a deposit and had not notarized trực tiếp bóng đá k+ transfer contract with trực tiếp bóng đá k+ landowner, trực tiếp bóng đá k+ defendants had already subdivided and sold to customers.

Word File of trực tiếp bóng đá k+ First-instance Judgment in trực tiếp bóng đá k+ Alibaba case:

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