Bank executive Trần Tuấn faces up to 20 years for 17.3 billion VND fraud in Ho Chi Minh City

Former bank director Trần Tuấn, who oversaw customer relations at an ACB branch on Lê Trọng Tấn street in Ho Chi Minh City, was tried on June 22, 2024 for defrauding customers of a total of 17.3 billion VND. He used his position to convince borrowers that he needed short‑term loans to refinance bank deposits, then diverted the funds to a virtual gold trading platform (Trustmarket), sports‑betting site 188BET, stock investments, debt repayment and personal expenses. The prosecution says the scheme involved two main rounds: an initial 6 billion VND obtained from a couple using a sham property transaction, followed by 11.3 billion VND secured through false collateral claims with another client. The court returned the case for further investigation on some unclear points, but the charges carry a possible prison term of 12 to 20 years, with aggravating factors including abuse of official position and repeated offenses. Trần Tuấn still owes large compensation to victims.