On December 25, the Investigation Security Agency of Binh Thuan Province Police announced that it had concluded the investigation of the case and transferred the case file to the People's Procuracy of Binh Thuan Province to propose prosecuting two subjects: Pham Minh Trung and Tran Hoang Thai Quang for the crime of "Storing and circulating counterfeit money" under Article 207 of the Penal Code.
In mid-January 2024, Police 113 of Binh Thuan Province Police, while patrolling in Lac Dao Ward, Phan Thiet City, discovered Tran Hoang Thai Quang (born in 2002, residing in Phu Trinh Ward, Phan Thiet City) was consuming counterfeit money in the area, so they conducted an inspection, discovered and seized 3,000,000 VND of counterfeit money.
Through investigation, Quang confessed to buying counterfeit money from a young man in Dong Nai province for 1,000,000 VND in real money, which he exchanged for 4,000,000 VND in counterfeit money.
Expanding the investigation, 3 days later, the Binh Thuan Provincial Police working group coordinated with local police to arrest Pham Minh Trung in Suoi Tre ward, Long Khanh city, Dong Nai province and seized 18,000,000 VND in counterfeit money.
Searching Trung's residence, the task force discovered and seized an additional 213,200,000 VND in counterfeit money.
Through investigation, Pham Minh Trung confessed that all of the above confiscated money was counterfeit money, which Trung hid with the intention of selling to others for profit.
