Quang Ngai police dismantle large-scale illegal invoice ring

The Quang Ngai Provincial Police have dismantled a large-scale inter-provincial illegal invoice trading ring. Authorities have prosecuted three individuals for crimes including illegal invoice trading, tax evasion, and the illegal printing and issuance of invoices and documents for state budget collection.

The investigation expanded from an initial case of “abuse of trust to appropriate property” involving Pham Thi Minh Ly, Director of Ly Tuan Co., Ltd. Police discovered a sophisticated scheme used to legitimize input goods and services that lacked legal documentation.

Between 2021 and 2025, Pham Thi Minh Ly and Chief Accountant Nguyen Thi Nhu Y reportedly coordinated with Nguyen Tuong Thi to purchase a large volume of Value Added Tax (VAT) invoices. Thi allegedly established and managed multiple companies to facilitate the sale of these invoices, which carried a total recorded value exceeding 20 billion VND. Ly and Y then used these illegal invoices for accounting and tax reporting to fraudulently reduce their tax liabilities to the state budget.