Alibaba’s 29 property projects under probe
Alibaba’s 29 property projects under probe
The Ministry of Public Security has written to the southern province of Dong Nai asking for documents involving 29 property projects developed by local firm Alibaba Group as part of an investigation into these projects.
Alibaba has reportedly offered land in 29 projects in Dong Nai Province over the last two years, with 27 projects in Long Thanh District, one in Nhon Trach District and one in Xuan Loc District, the local media reported.
Alibaba was denounced for dividing agricultural land, land for traffic infrastructure and land owned by residents in the province into smaller lots, and selling them without proper documents. Meanwhile, the Dong Nai government confirmed that it did not issue any decisions to hand over these land lots to Alibaba and is coordinating with the Ministry of Public Security to investigate the case.
Last year, the authorities of Dong Nai Province and Long Thanh District received many complaints from Alibaba’s customers, accusing the firm of cheating them in the sale of land lots in Dong Nai. The real estate firm later refunded its customers as required by the provincial government.
In 2017, the HCMC government prohibited Alibaba from getting involved in projects in the TayBac Urban Area in Cu Chi District, where it claimed to be the investor of some of the projects, without licenses from the city.
