These past few days, scrolling online, you guys must have heard about the bust of a smuggling ring involving 28,000 diamonds (worth over 280 billion VND), right? Honestly, before, when I heard Ms. Phuong Hang live-streaming "exposing" the story of smuggled diamonds and swapped-out certification goods, I felt something was off, and now the police have uncovered it exactly.


This case is massive in scale and very sophisticated in method. I'll summarize a few key points for you guys to easily grasp:
🔹Transnational smuggling ring: A group of Indians in Hong Kong collected the goods and smuggled them into Vietnam by air up to 141 times. During transactions, they used codes that matched the serial numbers on US dollar bills to identify each other. Once caught, the police immediately seized over 1,100 diamonds at the scene and prosecuted dozens of people.
🔹Former Director of PNJ-Lab "aided": The most shocking part is that Mr. Dang Ngoc Thao (former Director of PNJ-Lab) colluded with this group to "legitimize" the smuggled goods. He used the company's machinery to grind off the original GIA international serial numbers of faulty or smuggled diamonds, then engraved new PNJ-Lab codes onto them to turn them into clean goods, inflating the price and then releasing them to the market. PNJ announced that this was a personal violation and that they are cooperating with the investigation.
🔹A series of large jewelry stores "reversed course" and closed: Because these 28,000 diamonds were distributed everywhere, people went on TikTok and Facebook to expose them vehemently. To avoid police checks, several large diamond stores in District 1 and District 5 (Ho Chi Minh City) hurriedly turned off their lights, hung up "closed for renovation" signs, and even hid their websites and fanpages completely.
Indeed, any wrongdoing will eventually be brought to light. Do you guys have any perspective on this case? Share with me!
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