Truong My Lan case

This morning, March 5, the Ho Chi Minh City People's Court opened the first-instance trial of defendant Truong My Lan (68 years old, Chairwoman of Van Thinh Phat Group) on three charges: embezzlement; bribery; violating regulations on lending in the operations of credit institutions. The indictment shows that this is the case determined to have caused the greatest damage to date, with total damage to SCB of about VND498,000 billion.

Defendant Truong My Lan at the trial this morning, March 5.

Of the 86 defendants on trial, there are 45 former leaders and officials of SCB; 15 former officials of the State Bank; 3 former officials of the Government Inspectorate; 1 former official of the State Audit, 7 defendants from the valuation company, prosecuted by the Supreme People's Procuracy for the crimes of: embezzlement of property; bribery; abuse of position and power while performing official duties; lack of responsibility causing serious consequences and violating regulations on banking activities...

The first testimony of Ms. Truong My Lan in the Van Thinh Phat trial

At today's trial, the panel of judges announced that 86 defendants will be tried, including 5 wanted defendants who will be tried in absentia; the remaining 2 defendants requested to be tried in absentia due to poor health. Thus, 79/86 defendants were present at the trial on the morning of March 5.

Among the 5 defendants who were tried in absentia and are currently wanted is defendant Dinh Van Thanh (former Chairman of the Board of Directors of SCB). Defendant Thanh has been wanted since October 29, 2023, and is being prosecuted for embezzlement of property; violating regulations on banking activities and other activities related to banking activities. The indictment identifies defendant Thanh as an accomplice assisting defendant Truong My Lan.

Dinh Van Thanh actively assisted defendant Truong My Lan in committing the crime.

According to the indictment, defendant Dinh Van Thanh used to hold the position of Deputy General Director and Vice Chairman of the Board of Directors of First Bank. From June 28, 2012 to December 6, 2020, Dinh Van Thanh was arranged by Truong My Lan to be Chairman of the Board of Directors of SCB.

In 2020, Dinh Van Thanh resigned, went abroad and introduced Bui Anh Dung to replace him as Chairman of the Board of Directors. During his time at SCB, Dinh Van Thanh signed a decision to establish 3 new units specializing in carrying out illegal loan applications of Truong My Lan and Van Thinh Phat Group.

Defendants in court

Following Truong My Lan's instructions, defendant Dinh Van Thanh signed credit documents for Truong My Lan's loans but gave them to "ghost" companies and hired individuals, actively assisting Truong My Lan in committing the crimes of embezzlement of assets; violating regulations on banking activities and other activities related to banking activities.

Specifically, from 2012 to 2020, defendant Dinh Van Thanh signed 327 minutes of meetings/votes of the Board of Directors, signed 273 resolutions agreeing to lend 479 loans to 269 customers for Truong My Lan to use for purposes other than the loan plan.

The indictment determined that Dinh Van Thanh's actions actively assisted Truong My Lan, causing damage to SCB of more than VND 142,447 billion.

The group of 5 former senior leaders of SCB are wanted, including: defendants Suong, Thanh, Vu, Ton, Dung (from left to right, from top to bottom), tried in absentia.

The remaining four defendants tried in absentia are also wanted for violating regulations on banking activities and other activities related to banking activities, including: defendant Nguyen Thi Thu Suong (former Chairwoman of SCB's Board of Directors) causing damage to SCB of nearly VND 7,000 billion; defendant Tram Thich Ton (former member of SCB's Board of Directors), causing damage to SCB of more than VND 7,100 billion; defendant Chiem Minh Dung (former Deputy General Director of SCB) causing damage of more than VND 140,000 billion; defendant Nguyen Lam Anh Vu (former Deputy Director of SCB's Ben Thanh Branch) causing damage of more than VND 3,700 billion.

Truong My Lan case: Security tightened before first instance trial

The presiding judge said in court that this is a particularly serious case, attracting public and social attention. The five wanted defendants who were tried in absentia today fled abroad before being prosecuted, and their whereabouts are currently unknown, and they are wanted by the Ministry of Public Security. The court called on the defendants to surrender to enjoy the leniency policy of the Party and State.

Source link: https://thanhnien.vn/vu-an-truong-my-lan-van-thinh-phat-xet-xu-nhieu-bi-cao-vang-mat-185240305095641726.htm