The director of a Vietnamese seafood company has been arrested for allegedly illegally appropriating money paid by a U.S. importer in a seafood export contract.
Truong Trung Tin, the director of Trung Tin Seafood Import and Export Limited Company, based in Vietnam’s Ca Mau Province, was arrested 30 September, 2022, on charges he pocketed nearly VND 1.6 billion (USD 68,000, EUR 69,000) in proceeds of a contract to supply a U.S. company with seafood, Tuoi Tre Online reported on 1 October.
In December 2018, a Vietnamese businessman, referred to as V.D.K, signed a contract to export a cargo of frozen fish to Long Beach, California, U.S.A.-based Crab House Trading Corporation. The two sides agreed the contract would be completed through the Trung Tin Seafood Import and Export Limited Company, a company suggested by V.D.K. to be the interlocutor of the agreement.
However, after receiving full payment for the shipment in March 2019, Truong Trung Tin didn't pass the payment on to V.D.K, but illegally kept it for his personal use, according to the police report.
Ca Mau police originally launched a legal proceeding against Tin on 18 August.
Trung Tin Seafood is also listed by ImportGenius as having sent shipments to Los Angeles, California, U.S.A.-based J. Deluca Fish Company.
Photo courtesy of Ca Mau Provincial Police Investigation Agency
