A Nigerian man, identified as Eneh Davidson Caleb, along with his Vietnamese wife Nguyen Thi Thanh Thuy, and 11 accomplices, have been arrested in Ho Chi Minh City, Vietnam, on charges of money laundering and illicit money trafficking across borders.
The arrest, which took place on Saturday, April 27, 2024, by HCMC police, follows reports of fraudulent activities involving a company in Ukraine, which had fallen victim to a criminal syndicate operating with forged email addresses. The company had unknowingly transferred funds into bank accounts located in HCMC, as per the fraudsters' instructions.
Upon tracing the money trail, investigators uncovered a sophisticated network involving foreign and Vietnamese collaborators. The criminal ring allegedly operated over 250 companies, utilizing fraudulent bank accounts to facilitate their illicit activities.
Law enforcement authorities identified 13 suspects linked to the case, leading to raids conducted at 12 locations to seize physical evidence. At Caleb and his wife's residence, authorities confiscated 234 seals belonging to the companies implicated in the money laundering scheme.
According to investigators, the syndicate deceived foreign companies into transferring funds to Vietnam under the guise of legitimate business partnerships. The laundered money would then be transferred internationally multiple times before being withdrawn and transported to Cambodia.
During raids at identified locations, including the Yen Sao Kingfood facility and the Duc Long gold shop, authorities seized substantial amounts of cash, totaling VND9 billion ($355,099) and $1.5 million, along with other foreign currencies. Initial estimates suggest that the total value of illegal transactions at the Duc Long gold shop exceeded VND13 trillion.
The arrests mark a significant breakthrough in combating transnational financial crimes, with ongoing investigations aimed at dismantling the entire criminal network and bringing all perpetrators to justice.
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