Ca Mau police arrest seafood company director for fraud

Police in Ca Mau province have arrested Ho Thi Kieng, Director of Thien Phu Seafood Import-Export Processing Co., Ltd., on charges of fraudulent appropriation of property. Investigators allege Kieng defrauded multiple individuals of more than 34.8 billion VND through deceptive business practices.

Between 2021 and July 2023, Kieng reportedly misled a local investor by claiming she needed capital to purchase raw shrimp. To build trust, she directed accountants to create fraudulent purchase vouchers for shrimp transactions that never occurred. This scheme resulted in the misappropriation of over 17.2 billion VND from a single victim.

Additionally, Kieng is accused of defrauding an investor from Ho Chi Minh City by soliciting funds for a cultural tourism and medicinal plant project. Investigators found that Kieng purchased land in locations different from those agreed upon and resold it at a lower price than the amount received from the victim, misappropriating over 17.6 billion VND. Authorities are calling for other potential victims to come forward to assist with the ongoing investigation.