As scheduled, tomorrow morning, March 19, the Hanoi People's Court will open the first instance trial of the case occurring at Tan Hoang Minh Hotel Service Trading Company Limited (abbreviated as Tan Hoang Minh Group).
15 defendants were prosecuted for fraud and property appropriation, including Mr. Do Anh Dung, Chairman and General Director of Tan Hoang Minh Group; Do Hoang Viet, Deputy General Director of Tan Hoang Minh Group, Mr. Dung's son.
Chairman of Tan Hoang Minh Group (left cover) and some defendants in the case
Notably, the case has 6,630 investors identified as victims. These people were robbed of more than VND8,600 billion by the defendants at Tan Hoang Minh Group, through the trick of buying bonds.
Due to the large number of participants in the proceedings, in preparation for the trial, the Hanoi People's Court arranged a large trial hall. At the same time, the court also set up an outdoor theater to accommodate the victims and related parties.
Hanoi People's Court, where the Tan Hoang Minh case was tried
According to Thanh Nien , the theater area is located right at the entrance to the Hanoi People's Court headquarters. The theater has a capacity of about 500 seats.
Inside the theater, the court has arranged a large screen and a speaker system to transmit images and sound data from the courtroom. Hundreds of chairs are neatly arranged, ready to serve the participants in the trial.
Also due to the large number of participants, security at the Hanoi People's Court headquarters is expected to be tightened from early morning on March 19. Preparations are being carried out carefully to ensure the trial takes place seriously.
Due to the large number of people attending the trial, the court set up an outdoor theater to serve the trial.
The court's decision said that the trial of Tan Hoang Minh case is expected to last 20 days.
The trial panel consists of 5 members, chaired by Judge Nguyen Xuan Van. 5 prosecutors were assigned to represent the Hanoi People's Procuracy to exercise the right to prosecute in court. Nearly 30 lawyers participated in defending the defendants.
According to the investigation results, in the period of 2021 - 2022, due to the impact of the Covid-19 epidemic, the real estate market froze, bank credit was tightened, causing Tan Hoang Minh Group to face many financial difficulties, with a huge credit balance, needing money to pay due and overdue debts, continue to invest in buying and selling shares, projects, operating costs...
To resolve the issue, defendant Do Anh Dung directed individuals at Tan Hoang Minh Group to use the legal entities of 3 companies, Ngoi Sao Viet, Soleil and Cung Dien Mua Dong, to fabricate business activities with "fake" contracts, as a plan to issue individual bonds.
Theater with capacity of about 500 seats
The group of defendants issued 9 separate bond packages, with a total value of 10,030 billion VND. After legalizing the documents, issuance plans and "false" payments to become primary bondholders, Tan Hoang Minh Group sold bonds, illegally mobilizing a total of nearly 14,000 billion VND from investors.
Defendant Dung directed the entire amount of money from the bond sale to be used in a way that was not in accordance with the purpose and plan of the bond issuance; including using more than VND 5,100 billion from later investors to pay earlier investors.
Screen and speaker systems are arranged to transmit data from the courtroom to the outside.
At the time the case was initiated, the amount of embezzled money was determined to be more than 8,800 billion VND. After deducting 163.5 billion VND of outstanding bonds of the General Department Store Company (under Tan Hoang Minh Group), the remaining embezzled amount was more than 8,600 billion VND, belonging to 6,630 victims.
During the process of resolving the case, the investigation agency verified and recovered the cash flow originating from the sale of bonds that defendant Do Anh Dung directed to be used for purposes other than the issuance plan for recovery.
As a result, the defendants, the defendants’ families, Tan Hoang Minh Group and related organizations have coordinated and voluntarily deposited money into the investigation agency’s temporary account with a total amount of more than VND 8,600 billion. The amount deposited will remedy all the consequences of the case, ensure execution of the judgment, and return it to the victims.
Source link
Comment (0)