Ministry of Public Security: Ms. Truong My Lan has had a change in awareness and legal awareness

The Investigating Police Agency of the Ministry of Public Security has issued a conclusion on the investigation of the Van Thinh Phat case (phase 2), and at the same time proposed the prosecution of 34 defendants including the defendant Truong My Lan, Chairman of the Board of Directors of Van Thinh Phat Company.

Conclusion: The Investigation Agency of the Ministry of Public Security determined that in the issuance of 25 "short" bond packages (308,691,388 bonds) without collateral, insolvency of 4 legal entities: An Dong Investment Group Joint Stock Company, Quang Thuan Investment Joint Stock Company, Sunny World Investment and Development Joint Stock Company and Ho Chi Minh City Service - Trading Joint Stock Company with a total value of more than VND 30,869 billion, so far there are outstanding loans of more than VND 30,081 billion of 35,824 investors.

In addition, the act of m.oney laundering for an amount of more than VND 445,747 billion. In addition, the act of "Illegally transporting currency across the border" for an amount of more than 4.5 billion USD, equivalent to more than 106 trillion VND.

According to the investigation conclusion, the source of m.oney for the crime of "Embezzlement of assets" at SCB Bank and fraudulent appropriation of assets from bond issuance was directed by Truong My Lan to withdraw cash, transfer to an account in the name of an individual/organization, transfer between accounts, and use to pay expenses for different purposes.

Accordingly, this amount is used to pay the principal, interest on bonds, payment of debts of SCB's loans, interest expenses, operating expenses of the bank; spending on projects that are being implemented, such as the Red Light Cape Project... In addition, this m.oney is also used to pay loans of other banks, transfer m.oney abroad, transfer payments for personal expenses of Truong My Lan and Chu Lap Co (husband of the accused Lan)...

According to the conclusion of the investigation, Truong My Lan testified that the m.oney received from abroad transferred to Vietnam was a loan, and the m.oney transferred abroad was debt repayment. In order to transfer m.oney abroad or receive m.oney back to Vietnam, Truong My Lan assigns trusted people and leaders of SCB Bank to make "short" contracts for the purchase and sale of shares, contributed capital, and loans between companies in Vietnam and foreign companies and organizations. Through these "short" contracts, loans are transferred from abroad to Vietnam and debt repayments are transferred from Vietnam to abroad.

For the act of illegally transporting currency across the border, the Investigation Agency identified Truong My Lan as the mastermind, leader, and direction of the relevant defendants at Van Thinh Phat Group and SCB Bank to illegally transport currency across the border with an amount of 4.5 billion USD. In which, according to the Investigation Agency, the defendant Truong My Lan and her accomplices used many fake contracts, transferred abroad more than 1.5 billion USD; the amount of more than 3 billion USD was illegally transferred back to Vietnam.

In the investigation conclusion, the Investigation Agency also stated that throughout the case from phase 1 to phase 2, the defendant Truong My Lan had a change in awareness and legal awareness, admitted his criminal acts, sincerely declared, repent and have a good character. Therefore, the Investigation Agency proposes to consider the accused when sentencing.

Previously, at the appeal court of Van Thinh Phat case on April 11, the People's Court of Ho Chi Minh City sentenced Ms. Truong My Lan to 20 years in prison for the crime of giving bribes; 20 years in prison for violating regulations on lending in the operation of credit institutions and the d.eath penalty for embezzlement of assets. Summing up the penalties, the defendant must serve the highest sentence.

Immediately afterwards, on April 26, the People's Court of Ho Chi Minh City received an appeal from Ms. Truong My Lan (68 years old, Chairman of Van Thinh Phat Group), but the content has not been published. In addition, 50 other defendants also applied for penalty reduction.

How did Ms. Truong My Lan illegally transfer more than 4.5 billion USD across the border? Bút Máy10:48:49 21/06/2024The investigation agency identified Truong My Lan as the mastermind and leader of the act of laundering more than 445,747 billion VND and illegally transporting more than 4.5 billion USD. According to Ms. Truong My Lan's t.estimony, m.oney transferred abroad is debt repayment.