Da Nang police arrest former bank employee for 2 billion VND fraud

Da Nang police have arrested and prosecuted Nguyen Dang Duy, a former bank employee, for the abuse of trust to appropriate assets. Duy is accused of defrauding a victim, identified as Ms. T, of nearly 2 billion VND.

Starting in late 2023, Duy leveraged his previous professional relationship with Ms. T to borrow money under the pretext of facilitating bank loan renewals for clients. While he initially repaid loans on time to build trust, he eventually began using the funds to pay off other debts, cover interest, and provide loans to third parties.

Investigators noted a pattern where Duy would borrow large sums from one person to repay Ms. T, only to immediately borrow the same amount back from her using the same pretext. As of March 30, 2026, Duy's outstanding debt to Ms. T was recorded at approximately 1.98 billion VND, which remains unrecovered. Authorities have advised the public to remain cautious of large loan requests involving bank renewal claims, even from acquaintances.