Van Thinh Phat case: Collecting thousands of billions of dong and a series of real estates from the defendants

Confiscate real estate and cash of defendants to ensure execution of judgment

Phase 1 of the case at Van Thinh Phat Group has ended. According to SCB's report regarding 1,284 loans of defendant Truong My Lan here, as of April 1, some loans have been fully paid off, both principal and interest, with a total amount of more than VND2,000 billion. Currently, the number of loans of defendant Lan has decreased to 1,243, corresponding to 1,122 secured asset codes.

Therefore, the amount of damages that Ms. Lan is responsible for compensating is reduced to 673,800 billion VND, including the amount deducted from Duong Tan Truoc (General Director of Tuong Viet Company) and a number of other defendants to remedy the consequences.

The panel decided to hand over 1,122 of these asset codes to SCB for continued management and handling. During the process of handling the assets to recover debts, if there is any remaining, the Economic Police Department (C03, Ministry of Public Security) will coordinate with the Department of Economic Police (C03, Ministry of Public Security) to determine which assets belong to Truong My Lan and will be used to secure the defendant's other compensation obligations in the case.

The panel of judges also said that during the process of resolving the case, they collected notebooks from Ms. Truong My Lan's assistants, showing that the amount of 108,000 billion VND and 14.7 million USD transported to Van Thinh Phat building was not only from SCB but also from bonds.

Therefore, the People's Court requested that Department C03 and the Supreme People's Procuracy, during the process of expanding the investigation of the case, continue to clarify the violations surrounding this amount of money as a basis for settlement in phase 2.

According to the panel of judges, the case of defendant Truong My Lan taking money from SCB to invest and transfer many projects that are being seized does not have clear legal documents. Therefore, the panel of judges recommends that the investigation agency continue to verify and clarify the real estate and projects related to the defendant that have not been resolved in this case to determine the correct nature, resolve according to the provisions of law, and ensure the seizure to compensate for the damage.

In addition, the People's Court also continued to seize and temporarily detain real estate, shares, land use right certificates, savings books, and other assets of the Company under the name of Van Thinh Phat Group or assigned to individuals, of the defendants, and other related persons to ensure the execution of corresponding obligations.

In addition, the panel of judges ordered defendant Duong Tan Truoc to continue to compensate SCB more than 692 billion VND. In case the assets of defendant Truoc and his wife are not enough, all of defendant Cao Viet Dung's assets that are being seized will be used to ensure defendant Truoc's continued compensation obligation. The court ordered defendant Truoc to pay back the amount of 2,204 billion VND, this amount will be deducted from defendant Truong My Lan's obligation.

Force defendant Nguyen Thanh Tung and Dong Phuong Petroleum Company to compensate SCB with 443 billion VND, transfer 300 billion VND that Mr. Nguyen Van Hao paid to compensate defendant Truong My Lan through SCB to deduct from defendant Truong My Lan's obligations in the case.

The police are investigating phase 2 of the case.

Regarding the case that occurred at Van Thinh Phat Group, SCB Bank and related units, at the press conference on the situation and results of police work in 2023, Major General Nguyen Van Thanh - Deputy Director of the Department of Economic Crime Investigation Police - said that this is a big case, with a large number of defendants and people involved. Therefore, the investigation agency separated the case to investigate in 2 phases.

In phase 2, the Ministry of Public Security focused on investigating two main crimes: "Fraudulent appropriation of property" related to bonds and "Money laundering" related to Van Thinh Phat Group.

Regarding the act of “Money Laundering”, Major General Thanh said that the money that defendant Truong My Lan withdrew through banking activities was invested by this defendant, buying real estate nationwide and transferring a part abroad.

Regarding the fraudulent issuance of bonds, Major General Thanh said that the investigation agency initially determined that defendant Truong My Lan had issued 25 bond packages through 4 enterprises. These bond lots had a total value of more than 30,000 billion VND, and were sold to buyers (bondholders) for the purpose of raising money and then appropriating it.

A series of real estate properties related to Truong My Lan and Tuan Chau Group were seized.

Currently, the Investigation Police Agency is preventing the transfer of 8 real estate properties of Au Lac (owned by Mr. Dao Hong Tuyen) due to the cooperation agreement with defendant Truong My Lan.

Court orders Quoc Cuong Gia Lai to pay defendant Truong My Lan more than 2,882 billion VND

In response to the request of Quoc Cuong Gia Lai Company to remove the seizure of 6 real estates, the court announced that when this company returns the amount of more than 2,882 billion VND received from defendant Truong My Lan, the seizure will be removed.