Ms. Truong My Lan is known as the Chairwoman of Van Thinh Phat Group. She assigned many subsidiaries and affiliated companies to her relatives and confidants to run and manage.
At the end of 2011, Ms. Truong My Lan took over 3 private banks by purchasing and owning the majority of shares in these banks. On January 1, 2012, the 3 banks merged under the name Saigon Commercial Joint Stock Bank (SCB). Ms. Lan owned and controlled 91.563% of the charter capital, which was registered under the names of 27 legal entities and individuals.
With the ownership/control of the above shares of SCB, Ms. Lan has placed her confidants in key positions at SCB such as: Board of Directors, General Director Board... to use these people to run all activities of SCB; using this bank mainly to serve the personal purposes of Chairman Van Thinh Phat.
Investigation results show that, as of October 17, 2022, there were 1,284 loans/875 customers (440 individuals, 435 organizations) of Ms. Truong My Lan - Van Thinh Phat group with outstanding debt of more than 677,286 billion VND, group 5 debt that is irrecoverable.
To withdraw the above amount of money, Ms. Truong My Lan directed a group of people at SCB Bank to create fake documents as a loan to withdraw money at SCB.
Create fake loan documents, withdraw money from SCB Bank
The investigation agency determined that among those who actively helped Ms. Lan withdraw money from SCB were two foreign men, Lee George Lam and Henry Sun Ka Ziang.
Mr. Lee George Lam worked at Saigon Commercial Joint Stock Bank from June 2012 to January 19, 2015, holding various positions such as: Member of the Board of Directors, Vice Chairman of the Board of Directors of SCB.
According to investigation documents, from December 2012 to November 2014, Mr. Lee, as First Vice Chairman and Member of the Board of Directors of SCB, signed 8 Minutes of Meetings/Voting Ballots of the Board of Directors agreeing to 66 customers, individuals and legal entities belonging to the Van Thinh Phat Group ecosystem, with 68 loans at SCB Bank.
The outstanding balance of these loans as of October 17, 2022 is more than VND 28,002 billion in principal, of which the interest debt is more than VND 25,813 billion. The total debt is determined to be more than VND 53,816 billion.
Meanwhile, the total current value of collateral assets of the loans for which Mr. Lee signed legal procedures is more than 34,083 billion VND.
The results of the signature verification under the name Lee George Lam on the credit approval documents for the above loans by the Criminal Science Institute in Ho Chi Minh City, the Ministry of Public Security confirmed - signed by Mr. Lee George Lam.
The Investigation Police Agency believes that, based on the results of the investigation, there is sufficient basis to determine that Mr. Lee is a person with a position and authority who abused his position and authority to assist Ms. Truong My Lan in committing crimes and appropriating money from SCB.
This act is carried out through the participation in signing and approving loans of individuals and legal entities belonging to Van Thinh Phat Group. And the signing and approval of loans is not a normal lending activity according to the provisions of law.
In fact, the loan documents were created to legalize procedures to withdraw money from SCB Bank, serving the personal purposes of the Chairman of Van Thinh Phat Group.
The investigation concluded that Mr. Lee George Lam's actions violated the law on "Violating regulations on banking activities and other banking-related activities", causing a loss of more than VND 19,733 billion.
After committing the crime as an accomplice with Ms. Truong My Lan, Mr. Lee left the country and his whereabouts are unknown. The Investigation Police Department has issued a wanted notice for Mr. Lee George Lam.
Another foreign man mentioned in the investigation conclusion is Mr. Henry Sun Ka Ziang. He worked at SCB Bank from April 2015 to before the date of prosecution (October 17, 2022) and held positions such as: Member of the Board of Directors, Vice Chairman of the Board of Directors of SCB.
Investigation documents show that from July 2015 to August 2022, Mr. Henry, as a member of the Board of Directors of SCB, signed 487 Minutes of Meetings/Voting Ballots of the Board of Directors agreeing to lend to 365 customers, individuals and legal entities belonging to the Van Thinh Phat Group ecosystem, with 602 loans at SCB Bank, with outstanding debt as of October 17, 2022 of more than VND 430,105 billion in principal and more than VND 147,523 billion in interest/fee debt.
The total debt is determined to be more than VND 577,629 billion. Meanwhile, the total current collateral assets of the above loans are more than VND 115,539 billion.
The results of the signature verification under the name Henry Sun Ka Ziang on the credit approval documents for the above loans by the Criminal Science Institute in Ho Chi Minh City, Ministry of Public Security confirmed that it was signed by Mr. Henry Sun Ka Ziang.
Thus, the investigation results show that Mr. Henry abused his position and power to actively assist Ms. Truong My Lan in committing crimes and appropriating SCB's money.
According to the Investigation Agency, Mr. Henry's participation in signing and approving loans for individuals and legal entities of Van Thinh Phat Group as above is not a normal lending activity according to the provisions of law. In fact, the loan documents were created to legalize procedures to withdraw money from SCB Bank, serving the personal purposes of Ms. Truong My Lan.
Mr. Henry Sun Ka Ziang's actions constituted the crime of "Violating regulations on banking activities and other activities related to banking activities", causing losses to SCB of more than VND 462,089 billion. Currently, Mr. Henry Sun Ka Ziang has also "fleeed", left the country and the Investigation Police cannot determine where he is, so they have issued a wanted notice.
The Investigation Police Agency decided to separate the criminal case "Violating regulations on banking activities and other activities related to banking activities" related to the behavior of the accused Lee George Lam and Henry Sun Ka Ziang.
The Investigation Police also decided to temporarily suspend the criminal investigation and investigation of these two people.
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