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flag Vietnamese police seized assets and charged founders of Mailisa spa chain over smuggling and falsifying cosmetics.

flag Vietnamese authorities have seized assets including cash, gold, land certificates, and 12 supercars in a crackdown on Mailisa, a major beauty spa chain accused of smuggling low-cost Chinese cosmetics, falsely labeling them as Hong Kong-made, and selling them at inflated prices. flag The investigation, led by the Anti-Corruption, Economic and Smuggling Crimes Police Department, alleges the operation generated hundreds of millions in illegal profits through fake documentation and sham contracts. flag Phan Thi Mai and her husband, Hoàng Kim Khánh, along with seven others, have been charged, and the couple voluntarily paid $11.4 million to the state. flag Over 160 products have been banned, and the Ministry of Health revoked 80 product declarations. flag The case highlights weaknesses in cosmetics regulation and cross-border trade compliance.

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