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Shop busted for exchanging 100 bucks, $14,000 seized
By Ma Phong - Thanh Nien News -
Hoang Mai Gold Shop in HCMC's Binh Thanh District
Police in Ho Chi Minh City on Thursday raided a gold shop which they accuse of illegally trading foreign currencies, seized $14,000 in cash and sealed off 559 taels of gold on display.
The police of Binh Thanh District claimed they had caught the Hoang Mai Gold Shop red-handed exchanging a US$100 note to Vietnamese dong for a customer. The shop, located in Bui Huu Nghia st., is not an authorized dealer in foreign exchange or gold bars.
The shop owner, Nguyen Thi Thanh Mai, 50, vehemently protested the police search, which lasted more than seven hours on Thursday afternoon.
"I do not violate the law, there's no evidence that I ever violated the law; the police search of my house violated the law," she wrote in the police report.
Investigations are ongoing.
The government has for the past year beefed up its fight against the illicit trade in foreign currencies, especially US dollars, and gold bars as it struggles to support the Vietnamese currency.

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