As VietNamNet reported, on March 19, the Hanoi People's Court will bring Mr. Do Anh Dung and his son, Chairman of Tan Hoang Minh Group, and his accomplices to trial for the crime of Fraudulent appropriation of property.

In connection with the case, 6,630 investors identified as victims were also summoned to court. More than 20 lawyers participated in defending the defendants. Of which, Mr. Do Anh Dung was defended by lawyer Giang Hong Thanh, Giang Thanh Law Office, Hanoi Bar Association; defendant Do Hoang Viet was defended by lawyer Nguyen Van Tu, FANCI Law Firm LLC.

According to the accusation, through the illegal purchase and sale of 9 bond packages, Tan Hoang Minh Company raised a total amount of more than 13,972 billion VND. The investigation results determined that the 9 bond packages issued had terms ranging from 2-5 years, but the defendants of Tan Hoang Minh Company divided the terms into weeks and months to sell the bonds and used the money from the bond revenue to pay.

Investigation results show that Tan Hoang Minh used more than VND5,165 billion of money from people/contracts who bought bonds later to pay people/contracts who bought bonds that matured earlier. In fact, this is a trick to attract buyers of the next bond packages issued.

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Tan Hoang Minh Chairman Do Anh Dung and his son Do Hoang Viet. Photo: Provided by the police

Therefore, at the time of prosecution, the crime was discovered, prevented, and the entire remaining principal debt balance of more than VND 8,643 billion of 6,630 investors (victims) was determined, which was the amount of money the defendants had appropriated.

Before the trial, lawyer Nguyen Van Tu, who defended Do Hoang Viet (Deputy General Director of Tan Hoang Minh), said that right from the investigation stage, in August 2023, in the most difficult context, the families of Do Anh Dung and Do Hoang Viet made efforts to recover 100% of the damage with an amount of about 8.6 trillion VND (deposited into the temporary account of Department C03).

Lawyer Nguyen Van Tu added that the Hanoi People's Court has received more than 1,000 petitions for sentence reduction from investors, who are also victims of the case, requesting sentence reduction for the defendants, especially defendants Do Hoang Viet and Do Anh Dung. In the petition, the investors asked the Court and the People's Procuracy to consider reducing the criminal responsibility of all defendants.

As for the two defendants Do Anh Dung and Do Hoang Viet, we request that the competent authorities consider and apply a special leniency policy because these two people have made efforts to fully recover 100% of the bond buyers' money into the State Treasury in a short time, which has relieved investors' anxiety...

The defendants were brought to trial for the crime of Fraudulent Appropriation of Property:

1. Do Anh Dung, Chairman of Tan Hoang Minh Group;

2. Do Hoang Viet (Deputy General Director of Tan Hoang Minh);

3. Phung The Tinh (former Director of Finance and Accounting of Tan Hoang Minh);

4. Hoang Quyet Chien (former Deputy Director of the Finance and Accounting Center, concurrently Director of the Finance and Accounting Department of Tan Hoang Minh Hotel Service Trading Company Limited);

5. Le Thi Mai (former Deputy Director of Capital Department, Tan Hoang Minh Hotel Service Trading Company Limited);

6. Vu Le Van Anh (former Deputy Director of Capital Resources Department, Tan Hoang Minh Hotel Service Trading Company Limited);

7. Nguyen Van Khan (Deputy Head of Budget Department, Finance and Accounting Center, Tan Hoang Minh Hotel Service Trading Company Limited);

8. Le Van Thinh (Deputy General Director of Tan Hoang Minh);

9. Nguyen Manh Hung (former Chairman of the Board of Directors of Viet Star Real Estate Investment Company Limited);

10. Tran Hong Son (Chairman of the Board of Directors of Soleil Hotel Investment and Services Joint Stock Company);

11. Nguyen Khoa Duc (Chairman of the Board of Directors and General Director of Winter Palace Joint Stock Company);

12. Bui Thi Ngoc Lan (former director of Nam Viet Financial Accounting and Auditing Consulting Services Company Limited, Northern Branch);

13. Le Van Do (General Director of Hanoi Auditing and Accounting Company Limited);

14. Phan Anh Hung (former Deputy Director of Hanoi Auditing and Accounting Company Limited);

15. Nguyen Thi Hai (former Deputy General Director of Hanoi Auditing and Accounting Company Limited).