Portraits of eight suspects accused of opening multiple bank accounts used to launder money for an overseas cyber fraud operation are seen in this handout image provided by police in Ninh Binh Province, northern Vietnam, April 29, 2026.
The suspects, aged 18 to 30 and from multiple provinces, were arrested after returning to Vietnam from Bavet, Cambodia, where they were believed to have worked for the scam network, police said.
Investigators said the group opened numerous bank accounts in Vietnam and allowed the operation to use them to receive and transfer money obtained through online fraud, aiming to conceal the origin of the funds.
Police said the suspects transferred incoming funds to other accounts under instructions from the network.
Initial findings identified 15 victims who were defrauded of nearly VND4 billion (US$151,822) through schemes including investment offers and foreign exchange transactions.
The case was uncovered through online monitoring as police worked with banking institutions and national-level units to trace transactions and determine the roles of those involved.
The investigation is ongoing, police said.
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