The biggest scam in the history of the cashew industry in Vietnam

Published Mar 15, 2022

Tridge summary

Prime Minister Pham Minh Chinh of Vietnam is investigating a fraudulent export of 100 containers of cashews to Italy involving the Kim Hanh Viet Brokerage Company. The investigation is being conducted in collaboration with various ministries, the Vietnam Cashew Association, and other relevant agencies. The fraud was uncovered when the shipment, worth hundreds of millions of dollars, arrived in Italy with constantly changing SWIFT numbers. The original documents have gone missing, and the Vietnam Cashew Association is seeking intervention from authorities and shipping lines to secure the remaining containers at the port.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Regarding the fraud of 100 containers of cashews exported to Italy, Prime Minister Pham Minh Chinh sent a telegram to the Ministers of Industry and Trade, Agriculture and Rural Development, Public Security, Transport and the Governor of the State Bank of Vietnam. Vietnam, according to the Government newspaper. The Prime Minister assigned the above ministries to coordinate with the Vietnam Cashew Association and relevant agencies and units to examine and clarify the causes to take measures to handle and support according to their competence to ensure legitimate interests. legitimacy of the people and businesses, in accordance with the provisions of domestic and international laws, promptly report to the Prime Minister any difficulties and problems beyond their authority. Previously, the Vietnam Cashew Association reported that many cashew nut businesses in the country were in danger of losing nearly 100 containers of goods worth hundreds of millions of dollars to Europe. Businesses ...
Source: Vietnambiz

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