Kien Cuong Phat Real Estate LLC was investigated for property fraud

Share this on: Hanoi, Jan 05 2026 - 01:03 PM

Kien Cuong Phat Real Estate LLC was investigated after its director and deputy director were arrested for alleged property fraud. The company was accused of selling land “on paper” and collecting around VND 100 billion from customers without delivering the promised plots. The case raised serious concerns over the misuse of corporate entities to deceive investors


Kien Cuong Phat Real Estate LLC was investigated after its director and deputy director were arrested for alleged property fraud. The company was accused of selling land “on paper” and collecting around VND 100 billion from customers without delivering the promised plots. The case raised serious concerns over the misuse of corporate entities to deceive investors


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