Security tightened at the first instance trial of the Van Thinh Phat case.
On the morning of March 5, the Ho Chi Minh City People's Court opened a trial of defendant Truong My Lan (Chairwoman of the Board of Directors of Van Thinh Phat Group) and other defendants related to the Van Thinh Phat and SCB Bank case. The trial was chaired by Chief Criminal Judge Pham Luong Toan. The trial is scheduled to last from March 5 to April 29.
From about 5:30, security forces were present at the court.
Court security was tight, those present had to stand in front of the court and wait until the trial time before being allowed to enter.
At about 7 o'clock, the car took the defendants to court.
People with rights and obligations related to the case line up to wait for procedures.
According to the indictment, the defendants were brought to trial for one of the following crimes: Embezzlement of property, Bribery, Receiving bribes, Violation of regulations on lending in the operations of credit institutions, Abuse of position and power while performing official duties, Lack of responsibility causing serious consequences, Abuse of trust to appropriate property.
Representative of the People's Procuracy at the trial.
According to the indictment issued by the Supreme People's Procuracy, Truong My Lan, Chairwoman of Van Thinh Phat Group, was prosecuted for three crimes: Embezzlement of property, Bribery, and Violation of regulations on lending in the operations of credit institutions.
The Ministry of Public Security's Investigation Police Agency accused the defendant Truong My Lan, although not holding a position at SCB Bank, of monopolizing and controlling a series of leaders of this bank so that they could help embezzle more than 304,000 billion VND.
The indictment stated that from 2012 to October 2022, Ms. Truong My Lan acquired and held 85 - 91.5% of SCB shares. From there, the defendant became a shareholder with the "power" to direct, operate, and manipulate all of SCB's activities to serve her various purposes.
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