On November 21, the appeal trial of defendant Truong My Lan and 47 other defendants in phase 1 of the case involving Van Thinh Phat Group, Saigon Commercial Bank (SCB), and related units and organizations continued with the defense presented by lawyers for the defendants from the State Bank of Vietnam's inspection and supervision agencies.
During the defense lawyers' proceedings for defendant Truong My Lan, the High People's Procuracy in Ho Chi Minh City requested information from SCB Bank to clarify several issues.
Specifically, the agency requested SCB to provide information on: the total debt of SCB before the merger of the three joint-stock commercial banks (First, Saigon, and Vietnam Tin Nghia); the total amount of debt the bank claims to have outstanding, including how much was borrowed to refinance existing debt, and how much was withdrawn by the defendant Lan…
In response to the request, a representative from SCB committed to providing the information in writing.
Defendant Truong My Lan.
In addition, during the defense of the defendants, the lawyers also requested that SCB provide additional documents related to loans at the bank and other matters. This request was granted by the presiding judge.
However, later that same day, the lawyer representing the victim SCB unexpectedly refused to provide the documents requested by the Prosecutor's Office and the lawyers.
"Everything has been established in the file. Defendants appealing regarding their rights only need to use the documents already in the file," the lawyer explained.
According to the case details, from 2012 to October 2022, Ms. Truong My Lan acquired and held between 85% and 91.5% of SCB's shares. From then on, the defendant became a shareholder with "power" to direct, manage, and manipulate all of SCB's operations to serve her various purposes.
The chairman of Van Thinh Phat Group and his accomplices are accused of carrying out a series of acts including: selecting and appointing trusted personnel to key positions at SCB; establishing several units within SCB specializing in lending and disbursing funds at the request of Truong My Lan; establishing and using thousands of "shell" companies and hiring many individuals; and colluding with individuals at the helm of many related businesses to commit crimes.
In addition, Truong My Lan and her accomplices colluded with numerous valuation companies to inflate the value of collateral assets; created a very large number of fraudulent loan applications to withdraw money from SCB; devised plans to withdraw money and "cut off" the flow of funds after disbursement; sold bad debts and deferred credit facilities to reduce outstanding credit balances and bad debts, in order to conceal wrongdoing; and bribed and influenced officials in state agencies to act contrary to their official duties.
From then on, Truong My Lan and her accomplices, in various positions and roles, committed numerous crimes infringing on property rights, disrupting the operations of banks, and interfering with the proper functioning of state agencies.
In this case, the Supreme People's Procuratorate determined that many acts were committed in the form of organized complicity with sophisticated and cunning methods, causing exceptionally serious consequences, misappropriating and causing exceptionally large financial losses.
Source: https://vtcnews.vn/xet-xu-van-thinh-phat-bi-yeu-cau-cung-cap-so-no-truoc-khi-hop-nhat-scb-tu-choi-ar908868.html
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