Vietnam police detain Trương Tùng Lâm shareholder in major fraud

Vietnamese investigators have ordered the temporary detention of a shareholder of Trương Tùng Lâm amid a large‑scale fraud investigation. The scheme involved a tightly controlled process: recruiters identified potential victims, organized seminars, provided “free” vacation vouchers, and gathered detailed personal and financial information. Sales staff followed scripted presentations to sell lucrative holiday‑package contracts that promised high returns, resale rights, and limited‑time incentives.

After customers paid, the company allegedly returned a portion of the money as a “first‑year card rental fee” to build trust, while actually diverting those funds to fund further sales. The investigation revealed that the company never fulfilled the promised rental services. Authorities have compiled extensive evidence, traced the roles of company officials, and are expanding the probe to other related firms and individuals.

The police continue to verify documents, contact victims for testimony, and prepare charges under Vietnamese law.