Famous in the business world, many "sharks" from the Shark Tank Vietnam TV show have faced significant challenges, ranging from scandals and financial losses to legal troubles.

The Ho Chi Minh City Police Department has changed the preventive measure from a travel ban to temporary detention for Pham Van Tam, the former Chairman of the Board of Directors of Asanzo Group.

Mr. Pham Van Tam, known for the rapid growth of the "Made in Vietnam" Asanzo TV brand, has been involved in multiple scandals concerning product origins, taxes, and fertilizer projects, leading to significant trouble over the years.

The arrest of Phan Pham Ha, CEO of the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has extended the list of the corporation’s leaders sentenced to prison.

Thousands of inventoried trucks belonging to the VEAM (Vietnam Engine And Agricultural Machinery Corporation) automobile factory remain unsold, though the starting price is lower than the cost price.

Two foreigners are wanted by authorities for their alleged involvement in illegal cross-border transfers of US$4.5 billion related to Van Thinh Phat group and its chairwoman, Truong My Lan.

Police are urging Van Thinh Phat group to collaborate with Tan Viet Securities and Saigon Commercial Joint Stock Bank (SCB) to compensate over 35,000 victims in a billion-dollar bond fraud case, considered the most severe in Vietnam’s history.

In the second phase of the Van Thinh Phat case, the investigative agency has uncovered illicit financial activities abroad, involving over 106 trillion VND (equivalent to $4.5 billion) orchestrated by Truong My Lan and other individuals.

Victims of the billion-dollar Van Thinh Phat bond fraud case are urging authorities to expedite the investigation since they face financial ruin.

In the second phase of the Van Thinh Phat case, the Investigation Agency has undertaken extensive measures to freeze, seize, and temporarily detain a substantial amount of assets linked to Truong My Lan and other defendants.

The police have recommended prosecuting convicted property tycoon Truong My Lan and 33 others for fraudulent appropriation of assets, money laundering and illegal cross-border currency trafficking, the ministry released on June 5.

The Ministry of Public Security (MPS) on June 1 revealed investigation results of the cases at the Phuc Son Group JSC and Thuan An Group JSC.

The police are searching for Dang Tat Thang, former Chairman and CEO of Bamboo Airways, after receiving allegations of rights infringement against him.

Police are continuing to urge victims to come forward and provide any relevant information and documents in a VNĐ30 trillion (US$1.18 billion) bond fraud case, part of what is considered the largest financial scandal in Vietnam’s history.

The People's Procuracy on May 16 proposed the court reject appeals for reduced sentences from former Health Minister Nguyen Thanh Long and General Director of Viet A Technologies JSC Phan Quoc Viet in the Viet A case.

The Ministry of Public Security is urging victims who bought bonds from Van Thinh Phat Group and three affiliated companies to provide information and documents to aid the ongoing investigation into a massive fraud scheme.

The High People's Court in Hanoi will hear the appeals of former Minister of Health Nguyen Thanh Long and 10 other defendants in the COVID-19 test kit fraud that occurred at Viet A Technologies JSC.

A number of officials have been arrested and charged for involvement in the case of Thuan An Group, which won a bid worth VND18 trillion within only two years.

Prosecutor General of the Supreme People's Procuracy Le Minh Tri has reported to the National Assembly on the work of the procuracy sector from October 1, 2023 to March 31, 2024.

Several businesses linked to Van Thinh Phat Group are grappling with a huge debt burden amounting to VND52.4 trillion, the Ministry of Finance said.