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Bui Quang Hai, director of HBC International Trading, faces up to life in prison for the violation.
City prosecutors said Wednesday Hai took advantage of the global medical equipment scarcity during the pandemic in mid-2020.
He signed a contract worth $6.35 million to provide medical gloves to Hong Kong company PDP.
The company transferred more than $1.9 million as a deposit and $210,000 as a contract fee before the contract was canceled. But HBC never returned the money.
In November 2020, Hai signed similar contracts for medical gloves and received $512,000 in payment from a Japanese company, as well as $607,000 from an American company.
Hai’s company then never produced, procured or delivered the gloves as promised.
During investigations, Hai said he was only director on paper, and that a man named Do Trung Duong gave all the orders.
An investigation into Duong’s role in the crime is ongoing.
