According to the indictment, through an acquaintance, Mr. Nguyen Thanh Tung (Chairman of the Board of Directors of Dong Phuong Petroleum Company) had an acquaintanceship with Ms. Truong My Lan . In order to continue withdrawing money from SCB Bank, in May 2022, Ms. Lan agreed with Mr. Tung to use companies in this tycoon's group to stand in her name and create loan documents at SCB. The collateral was provided by Ms. Lan and the withdrawn money was used by both.

In order to carry out the agreement with Ms. Truong My Lan, Mr. Tung directed Mr. Dao Chi Kien (Deputy General Director of Dong Phuong Petroleum Company) and other subjects to provide information of 35 companies to SCB Bank employees to create 37 loan applications of 1,720.88 billion VND (including principal balance of 1,720.88 billion VND and interest balance of more than 12 billion VND).

Mr. Tung assigned Mr. Kien to directly manage and transfer information of 11 companies to SCB Bank staff to prepare 11 loan applications, disbursing 443.6 billion VND for Mr. Tung to use for tax payment for Dong Phuong Company. As of October 17, 2022, these 11 loans had a total outstanding debt of more than 446 billion VND (of which the principal debt was 443.6 billion VND and the interest debt was more than 3 billion VND).

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The indictment determined that Mr. Tung colluded with Ms. Truong My Lan, directed Mr. Dao Chi Kien to commit violations, created fake loan documents, contrary to the law on banking activities, withdrew 1,720.88 billion VND from SCB Bank for Ms. Lan and Mr. Tung to use together.

Mr. Tung was determined to have caused damage to SCB of more than 850 billion VND, and Mr. Kien to have caused damage to SCB of more than 356 billion VND.

Shake hands with tycoon to withdraw money from SCB, generously give away more than 1,500 billion

Mr. Duong Tan Truoc (General Director of Tuong Viet Company) has known Ms. Truong My Lan since the end of 2020. Around April 2021, Ms. Lan discussed and agreed with Mr. Truoc about Ms. Lan transferring the Thanh Yen project to this tycoon and Tuong Viet Company for 2,500 billion VND.

According to the agreement, Mr. Truoc did not have to pay any money but only needed to prepare a loan application at SCB, the debt amount was 3,500 billion VND. Of which, 2,500 billion VND was the money received from the transfer of Thanh Yen Project; the remaining 1,000 billion VND was for Ms. Lan to use and was responsible for paying SCB.

Tycoon Duong Tan Truoc then directed Tuong Viet Company's staff to contact SCB to implement the loan plan by establishing Thuan Tien Company and Khanh Minh Company as the names on the loan application. On May 19, 2021, SCB Bank signed a loan agreement with Thuan Tien Company and Khanh Minh Company, the loan disbursement amounts were VND 1,700 billion and VND 1,800 billion, respectively.

After disbursement, the money was transferred to the accounts of many individuals and companies belonging to Ms. Truong My Lan's group and Van Thinh Phat for Ms. Lan to use for many different purposes.

In addition, Mr. Truoc helped Ms. Lan carry out work related to applying for a Construction Permit for Phase 1 of the Red Cape Project, changing the construction coefficient (increasing) of the Red Cape Project; Construction Permit for the Saigon Binh An Project (SDI).

Therefore, Ms. Truong My Lan directed Ms. Tran Thi My Dung (Deputy General Director of SCB) to prepare documents for Tuong Viet Company to borrow 1,500 billion VND, in fact, withdrawing money from SCB Bank so that Ms. Lan could give Mr. Truoc the above amount.

Therefore, although at that time, Tuong Viet Company did not have a business plan, did not need to borrow money, and did not have assets to secure the loan, Tuong Viet had a meeting minutes of the Board of Members agreeing to let the Company borrow capital from SCB; signed an agreement to grant a credit limit of 1,500 billion VND.

The loan of Tuong Viet Company was actually disbursed by SCB Bank for 1,498 billion VND. Ms. Lan directed to keep 240 billion VND of this amount. Then, Ms. Lan continued to direct to create fake loan documents to withdraw more money and transfer it to Mr. Truoc to compensate for the amount of 240 billion VND that Ms. Lan had used.

The accusations indicate that the defendants withdrew VND1,746.5 billion from SCB Bank. Of which, Ms. Lan used VND240 billion, tycoon Duong Tan Truoc used VND1,368.5 billion, and Tuong Viet Company used VND138 billion for business activities.

The investigation results determined that as of October 17, 2022, 15 loans under the names of Thuan Tien, Khanh Minh, Tuong Viet, and Viet Duc companies had a total outstanding debt of more than VND 5,695 billion. For 18 loans within the limit of VND 1,500 billion of Tuong Viet Company, SCB disbursed VND 1,498 billion, at October 17, 2022, the remaining principal balance was VND 1,342 billion, and the outstanding interest balance was more than VND 8 billion.

The accusation is that Mr. Duong Tan Truoc assisted and accomplice Ms. Truong My Lan in appropriating 4,752 billion VND.