According to initial investigation, Ho Minh Hau, 36, and Pham Thi Ai Loan, 33, ran four companies. In 2008 and 2009, they used legal entities of four companies to sign blank contracts with each other to trade sliced manioc and 5,000 tons of raw coffee; however, there were only around 1,000 tons of coffee in their warehouses.
They also used real estate, certificates of land-use rights that technically belonged to other people, or used assets of third parties as the basis to secure loans from five banks for a total of more than VND1 trillion.
The couple ran away owing more than VND400 billion to banks before the case was prosecuted on February 4.
Police said they have reclaimed VND62 billion since that time.