Hanoi police seize over 680 billion đồng assets in massive holiday‑contract fraud

Police in Hanoi have dismantled a widespread fraud scheme that sold so‑called “holiday contracts” through a network of 27 companies. The investigation uncovered roughly 17,000 contracts affecting nearly 500 investors, with more than 181 billion đồng taken from victims, many of whom were elderly retirees. Police have charged 194‑201 suspects across 24‑25 cases and seized assets worth over 680 billion đồng, including 17 billion đồng in cash, about 60 billion đồng in bank accounts, 11 cars (≈14.3 billion đồng), 19 properties (≈540 billion đồng) and three savings accounts (≈12 billion đồng). The total amount linked to the criminal activity is estimated at more than 2.7 trillion đồng. Investigators say the perpetrators lured victims with free‑gift seminars, promising high returns and easy resale of the contracts, then collected deposits and fees while providing no real holiday rights. Victims are urged to submit contracts and payment records to the police to aid restitution efforts.