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Home Travel News

Fake investor promoting Vung Tau Paradise mission

December 7, 2022


The complicated of resort tasks and golf programs situated proper on the seaside of Vung Tau is being “triggered” to impersonate the investor for 180 million USD.

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In the previous few days, details about the switch of Vung Tau Paradise mission has been posted by “land storks” on actual property buying and selling channels and social networks. Accordingly, many actual property brokers posted the switch of Vung Tau Pradise golf course. Real property brokers launched, Vung Tau Pradise golf course (really Vung Tau Paradise mission) has 3 seashores with a size of 1,200 m of sea floor; the mission has Nha Rong resort with 60 rooms; 80-room lodge zone; workplace home and 27-hole golf course are working successfully.

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Contacting Huu Viet actual property workplace (the unit on the market of the mission), a dealer named Thu firmly confirmed that the mission had full legality. Accordingly, the type of switch is that the investor will promote 100% of the corporate’s shares to a associate. “The mission has a scale of 220 hectares situated proper on the ocean entrance of Vung Tau City, the placement couldn’t be extra stunning. The “net” value of the switch is 180 million USD, it is a very enticing value and many purchasers are very , “Thu revealed.

To reassure customers, Thu provided PV with the decision to establish a business to implement the project, the investment license granted to Vung Tau Paradise Joint Venture Company and a list of the project’s items. The “authorized paperwork” of the project of $ 180 million sent by Thu to the first or middle page are not complete documents and are red stamped by the competent authority.

When asking to provide a more complete legal file, this land stork said that it could not provide more because this is a business secret!. Brokerage Thu then asked “My side must prove financial capacity, at least 30% of the project transfer value and then send it to you. Then the investor will invite you to a meeting to agree on the transfer.”

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“You can relaxation assured, we work very respected. The switch and switch worth have been permitted by the Board of Directors. Today, my boss can also be in Saigon, signing an identical mission,” Thu added.

Regarding the transfer of Vung Tau Paradise project, the representative of the investor confirmed that this is fraudulent, impersonating and fabricated information. A member of the Board of Directors of Vung Tau Paradise Joint Venture Company confirmed that the project is still operating normally, there is absolutely no sale or transfer as the information posted. The representative of the investor recommends that the Company does not authorize any partner to speak or offer to transfer the project. “We will ship a doc to the People’s Committee of Ba Ria – Vung Tau province, the police company, the Ministry of Information and Communications” to clarify the matter, strictly handle false information that affects the image. businesses and prevent the risk of fraud from the tricks of the real estate office staff.

According to lawyer Bui Quang Hung, Hanoi Bar Association, if the project investor does not have a transfer policy but the real estate office staff advertises to sell the project, there are signs of fraudulent behavior. “The investor of Vung Tau Paradise project is a joint venture company between Vietnam and foreign countries, so the sale of the project must be agreed upon by the partners in the joint venture. If the investor does not authorize a third party to sell the project but the brokers still post the transfer receipt to contact customers, it is clearly a legal act, so the authorities need to do There are clear signs of fraud of these people,” stated lawyer Hung.

It is understood that Vung Tau Paradise mission with a scale of 220 hectares was licensed to Vung Tau Paradise Joint Venture Company in 1991. This is a three way partnership between Paradise Development and Investment Company (Taiwan) and Service Company. Vung Tau worldwide tourism – Intourco, an enterprise with 100% state capital). The constitution capital of Vung Tau Paradise Company is 61.8 million USD, the Vietnamese facet contributes 220 hectares of land, equal to 25% of the capital, Paradise Development and Investment Company contributes 75% of the capital, in money.



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