Vietnam's Ministry of Public Security (MPS) has issued a nationwide public call to identify victims in a large-scale, multi-city fraud investigation centered on two senior executives from Nam Song Hau Petroleum Investment Trading JSC (NSH Petro).
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| Mr. Nguyen Viet Anh (right) and Ranjit Prithviraj Thambyrajah were both arrested for fraud and property appropriation - Photo: Nam Song Hau Petroleum Company |
The suspects, who also ran an Australian-based entity, are accused of orchestrating a sophisticated scheme, allegedly promising to secure billions of dollars in international loans for Vietnamese businesses and individuals, and then appropriating the "fees" paid for these non-existent services.
The Dual-Role Allegations
The case, which was officially launched on October 13, 2025, has already led to the arrest and temporary detention of two key figures who held dual citizenship and high-level corporate positions:
Mr. Ranjit Thambyrajah (65, Australian national):
General Director of Nam Song Hau Petroleum Investment Trading JSC.
Director of Berhero company, trading as Acuity Funding (registered in Australia).
Mr. Nguyen Viet Anh (43, Vietnamese and Australian national):
Deputy General Director of Nam Song Hau Petroleum Investment Trading JSC.
Director of Acuity Funding Vietnam.
Investigators state the duo, arrested in mid-October, are facing charges of "deceitfully appropriating property" under Article 174 of Vietnam's 2015 Penal Code. The investigation spans Hanoi, Ho Chi Minh City, Can Tho, and other provinces.
The Modus Operandi: "Billion-Dollar" Promises
According to the MPS, the suspects leveraged their senior executive titles at Nam Song Hau Petroleum to build credibility. They allegedly used their parallel entity, Acuity Funding, to approach corporations and individuals with an alluring promise: access to massive capital loans, ranging from hundreds of millions to several billion U.S. dollars.
The investigation, however, determined that Acuity Funding "had no ability to fulfill" these loan promises.
The entire scheme was allegedly a pretext to deceive victims into paying substantial upfront fees to process the bogus loans. Authorities have confirmed that these fees were then appropriated by the suspects.
Nationwide Call for Victims
The Ministry of Public Security's Investigation Police Agency has now officially classified any individual or organization that transferred fees to Mr. Ranjit Thambyrajah or Acuity Funding as a victim in this criminal case.
"To serve the investigation and ensure a thorough resolution of the case, the MPS Investigation Police Agency informs all affected individuals and organizations to come forward," the official announcement stated.
Victims are urged to contact the MPS Investigation Police Agency (Room 4, Tam Hung commune, Hanoi) or directly contact investigator Mr. Le Quang Hung at 0936.87.88.88 for guidance and to have their rights and interests protected under the law.