Wednesday,  Mar 21, 2018,15:42 (GMT+7) 0 0
Police raid property magnate’s home in Danang
The Saigon Times Daily
Friday,  Dec 22, 2017,12:01 (GMT+7)

Police raid property magnate’s home in Danang

The Saigon Times Daily

A curious crowd watches and photographs the police raid into Phan Van Anh Vu’s residence in Danang City last night - PHOTO: CAPTURED FROM VIDEO

HCMC – Police at the Ministry of Public Security on December 21 raided the residence of property magnate Phan Van Anh Vu on Tran Quoc Toan Street in Danang City.

Local media quoted a ministry source as saying that the ministry had filed charges against Vu, who is also known as Vu Nhom.

Vu is chairman of three companies – Bac Nam 79 Construction Joint Stock Co., Nova Bac Nam 79 Joint Stock Co., and The Sunrise Bay Danang. He also owns a host of property projects in Danang.

Before 2017, he kept a low profile but since early this year he has got in the news as he is believed to be involved in a lot of property projects under police investigation.

In September this year, investigators at the Ministry of Public Security launched a probe into nine property projects and 31 public land lots and houses in Danang which have been transacted since 2006. Two of the land lots under investigation were used to build a home and a company office which both belong to Vu, according to Thanh Nien newspaper.

After the police raid, two police cars entered Vu’s home at around 9:10 p.m. on December 21 and left about 10 minutes later.

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