True relationship between chairmen of Bao Son and Bao Long groups revealed tienphong, dtinews.vn   Chairman of Bao Son Group, Nguyen Truong Son, exposed more details about the nature of the case which led to the arrest of the chairman of Bao Long Medical Group.    Chairman of Bao Son Group, Nguyen Truong Son    Police search Bao Long offices On Saturday, June 15, the HCM City Police arrested Nguyen Huu Khai, following allegations that Khai had violated the law and misappropriated assets belonging to Bao Son Tourism and Construction Investment Group. According to Son, they became quick friends after Khai successfully treated him from a disease some 20 years ago. Son said that Khai approached him last Tet holiday, saying that he was in trouble because of a VND20 billion debt (USD960,000) with an interest rate of 21% per month. At that point Son decided to give Khai a loan of VND18 billion without a detailed contract. "I don't know why I conducted such a large transaction with such a simple contract. But Khai did say that he may be killed if he did not repay his debts. The next day I loaned him another VND12 billion." Son said. Khai allegedly continuing to ask for more money, admitting that his actual debt had been VND286 billion and the interest rate was VND11 billion per month. "Khai came to me and said that he would be too ashamed to ask for any more loans. Instead he proposed sell me all his assets. Of course he got the better end of this deal because he was the one who appraised their value," Son said. Son affirmed that the contract is legal. But he added that Khai asked Son to diverge from the contract, as if they were to remain bound by it, Bao Long Group would disappear as an entity. Bao Long Group would have had to pay VND75 billion in sales taxes. "So Khai asked me to pretend I had bought share in the Bao Long Group so that he could evade taxes. I ended up buying 100% stake in the group for VND227 billion. I was warned many times that he would shovel off his debt onto me, and in the end that's exactly what happened," he said.