Tomorrow, the People's Procuracy will indict and propose a sentence for Truong My Lan and her accomplices.

At the previous trial, the defendants, Truong My Lan's subordinates and accomplices, expressed remorse and asked the panel of judges to consider.

However, defendant Truong My Lan did not admit to all the acts as charged in the indictment. Defendant Lan denied her role in holding absolute control at SCB, as well as her role in directing other defendants to commit many crimes.

Defendant Lan said that she only lent the bank assets to restructure bad debts; did not direct the establishment of "ghost" companies and did not know what a ghost company was; did not inflate the value of assets to get money from SCB...

Although Truong My Lan did not admit to the crime, in court, the defendant and her family asked for conditions to sell many of her real estate assets to remedy the consequences.

Specifically, Truong My Lan's daughter sent a petition to the court stating that she was selling some assets to raise money to settle the case: Capital Place building, and Daewoo hotel in Hanoi; selling Ms. Lan's shares in: Vaccine manufacturing factory group for 315 billion VND, shares in FWD Insurance Joint Stock Company for 920 billion VND; receiving back 672 billion VND from the failed transfer of a project in Lam Dong.

As for the ancient villa at 110-112 Vo Van Tan (District 3), Ms. Truong My Lan declared that she bought it for 700 billion VND and asked the People's Court not to seize it because this is a relic that cannot be bought or sold, but to return it to her family for preservation.

In addition, the re-evaluation of the collateral assets of defendant Truong My Lan at SCB also caused much controversy, as the defendant and the lawyers both said that the appraisal price was too low compared to the market price, so they requested the panel of judges to reconsider.

During the questioning session on the afternoon of March 14, a representative of SCB Bank said that the damage in the case must be 677,286 billion VND, the provisional figure as of March 5 was 760,279 billion VND (including principal of 482,449 billion VND and interest/fees of 277,830 billion VND).

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 Supreme People's Procuracy's indictment stated that from 2012 to October 2022, Ms. Truong My Lan had acquired and held 85 - 91.5% of SCB shares. From then on, the defendant became a shareholder with the "power" to direct, operate, and manipulate all of SCB's activities to serve her various purposes.

The Chairman of Van Thinh Phat Group and his accomplices were accused of carrying out a series of acts including: selecting and arranging his trusted personnel for key positions at SCB; establishing a number of units under SCB specializing in lending and disbursing funds at the request of Truong My Lan; establishing and using thousands of "ghost" companies, hiring many individuals; colluding with individuals who are leaders of many related enterprises to commit crimes.

Truong My Lan and her accomplices colluded with many valuation companies to inflate the value of collateral; created a large number of fake loan applications to withdraw money from SCB; devised plans to withdraw money, "cut off" cash flow after disbursement; sold bad debts, sold deferred credit loans to reduce credit balance, reduce bad debts, to conceal violations; bribed and influenced people with positions and powers in state agencies to violate their duties.

From there, Truong My Lan and her accomplices, with different positions and roles, committed many crimes of infringement on property, infringement on the operation of the Bank, and the proper operation of State agencies.

In which, the Supreme People's Procuracy determined that many acts were carried out in the form of organized complicity with sophisticated and cunning tricks, causing especially serious consequences, appropriating and causing damage to an especially large amount of money.

Hoang Tho

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