Da Lat firm head wanted for $2 mln fraud

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Police in the Central Highlands Province of Lam Dong are on the hunt for a fugitive company director who allegedly cheated banks and other firms out of more than VND40 billion (US$2.1 million).

 

Ho Bao Long, the director of Thai Long Company in Da Lat, disappeared late last month with his family.

 

The 32-year-old has been accused of "appropriating other people's properties."

 

According to investigators, Long used copies of other people's property use rights and truck licenses to take out bank loans.

 

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