Nguyễn Hòa Bình, aged 45 and popularly known as Shark Bình, has been formally indicted on charges of money laundering. The indictment involves allegations related to nearly 320 billion VND (around $13 million) in a scheme orchestrated by Phó Đức Nam, also known as Mr. Pips, who is accused of running illegal foreign exchange and securities trading platforms.

The Hanoi People's Procuracy has issued an indictment against nearly 200 individuals involved in this extensive case. The charges against Bình carry a potential prison sentence of 10 to 15 years. As the Chairman of the Board of Directors of the Ngân Lượng Joint Stock Company, Bình is accused of playing a pivotal role in facilitating the operations of these illegal trading platforms.

According to the indictment, Phó Đức Nam's financial team opened multiple electronic wallets with intermediary payment units, including Ngân Lượng, to receive funds from investors. Bình was identified as the key decision-maker for the company's operations and fee structures, particularly for large clients seeking special discounts.

After collaborating with the GKFX platform, Phó Đức Nam established additional trading platforms such as DK Trade, ASX, ACX, and Sea Investing, while ensuring that Ngân Lượng maintained its payment system connections. From mid-2020, Ngân Lượng reportedly received numerous requests from law enforcement to verify the electronic wallets linked to Nam's operations.

The indictment alleges that despite being aware of the illegal activities of these trading platforms, Bình directed his subordinates, Nguyễn Thị Nam and Trần Thị Thanh Tâm, to withhold information about the actual electronic wallets. They are accused of fabricating data related to another Ngân Lượng wallet to mislead investigators.

During the verification requests, employees at Ngân Lượng allegedly photographed official documents and sent them to Phó Đức Nam to coordinate how to legitimize the data. After Nam revised the transaction figures, the documents were returned to Ngân Lượng for finalization. All official documents were reportedly reviewed by Bình before being signed by the general director, indicating an effort to obscure the actual payment activities and complicate the investigation.

Between June 2020 and September 2022, 232 victims transferred nearly 320 billion VND into the payment wallets, with the funds being funneled through various bank accounts registered under Ngân Lượng before being deposited into the illegal trading platforms operated by Phó Đức Nam. In addition to this case, Nguyễn Hòa Bình is currently in custody regarding another case linked to the AntEx cryptocurrency project, facing charges of fraud, serious accounting violations, and tax evasion.