Chairman of Van Thinh Phat Group Truong My Lan was arrested: Appropriating trillions of dong from people

In Ho Chi Minh City, Ms. Truong My Lan is known as the "boss" of "terrible" real estate projects located in many of the most prime locations in Saigon. Some projects have a "golden" position in the financial center of District 1 such as: Times Square, VTP Office Building, Duxton Hotel, Union Square.

On October 8, Lieutenant General To An Xo, Chief of Office cum Spokesperson of the Ministry of Public Security said that the Investigative Police Agency of the Ministry of Public Security is investigating and verifying a number of acts showing signs of law violation in the past. the issuance of bonds, mobilizing money of investors, related companies and units An Dong Investment Group Joint Stock Company.

Based on the investigation results, the Investigation Police Agency of the Ministry of Public Security issued a decision to prosecute the case of fraud to appropriate property, which occurred at An Dong Investment Group Joint Stock Company and other organizations and units with relate to. At the same time, the police issued decisions to prosecute the accused and arrest warrants for the four accused for the above crimes.

This group includes: Truong My Lan (Chairman of the Board of Directors of Van Thinh Phat Group Joint Stock Company), Truong Hue Van (General Director of Windsor Real Estate Management Corporation), Nguyen Phuong Hong (Assistant to the Company). shares of Van Thinh Phat Group) and Ho Buu Phuong (Former Chairman of the Board of Directors of Tan Viet Securities Joint Stock Company, former Deputy General Director in charge of finance of Van Thinh Phat Group Joint Stock Company).

According to Lieutenant General Xo, the four defendants mentioned above committed fraud in the issuance, trading of bonds contrary to the law to appropriate trillions of dong from the people during 2018 - 2019. Approved by the Supreme People's Procuracy, the Investigative Police Agency of the Ministry of Public Security has carried out the procedures in accordance with the law.

Currently, the Investigative Police Agency of the Ministry of Public Security is concentrating its forces to investigate and clarify the criminal acts of the accused, expand the investigation of the case and thoroughly recover the property.

Regarding violations in the conversion of houses and public land with prime locations to other purposes in Ho Chi Minh City, the Government Inspector has issued inspection conclusions and notices related to Van Thinh Corporation Phat...

In particular, at the project at No. 187A, 187H, 193, 203 Tran Hung Dao, Co Giang ward, District 1, Ho Chi Minh City, by Van Thinh Phat Group Joint Stock Company (Van Thinh Phat Group; by Ms. Truong). My Lan is the Chairman of the Board of Directors) as the investor, in July 2021, the Government Inspector has concluded and pointed out many mistakes in this project...

At the conclusion notice No. 1068/TB-TTCP of the Government Inspectorate on State management and law implementation in planning, construction management, land and environment for industrial parks, urban areas; In the conversion of houses and public land in prime locations to other purposes in Ho Chi Minh City, the Government Inspector has proposed to assign the Ministry of Finance to assume the prime responsibility for, inspect and review to take appropriate measures, in accordance with regulations. of the law, to avoid loss of state property for the above-mentioned project, including the content related to the transfer of contributed capital and the previous plan for handling and arranging housing.

The Government Inspectorate also suggested that during the inspection process, if detecting criminal signs, causing loss of State property, they should propose competent agencies to handle them according to the provisions of law. The fact that Van Thinh Phat Group has been named as mentioned above by the inspection agency is not the first time, but before that, this business has attracted public attention because of the "guarantee" scandal at a supposed bank. has a close credit relationship for project loan expenditures.

Worth mentioning, Van Thinh Phat and female giant Truong My Lan have been mentioned a lot and are said to be the main shareholder group of the above bank. Recently, Van Thinh Phat has been mentioned a lot in the press with his role related to 2 companies winning land auctions in Thu Thiem.

Specifically, Sheen Mega Joint Stock Company won the auction of lots 3-8 at the price of 4,000 billion VND and Dream Republic Joint Stock Company bought lots 3-5 for 3,820 billion VND. However, these two companies also "followed" Tan Hoang Minh after winning the auction of Thu Thiem land.

Ms. Truong My Lan, 66, was born into a family that is considered one of the wealthiest in Vietnam. She established Van Thinh Phat Co., Ltd in 1992, initially operating in the field of commerce and business of restaurants - hotels. Later the company expanded into real estate business with many restaurants, hotels, office buildings and apartment buildings.

Ms. Lan, after many years of establishment, has created an "ecosystem" of Van Thinh Phat with a series of typical subsidiaries such as: Van Thinh Phat Company Limited, An Dong Investment Joint Stock Company, Time Square Investment Joint Stock Company , Saigon Penisula Group Company,...

In Ho Chi Minh City, Ms. Truong My Lan is known as the "boss" of "terrible" real estate projects located in many of the most prime locations in Saigon. Some projects have a "golden" position in the financial center of District 1 such as: Times Square, VTP Office Building, Duxton Hotel, Union Square.

In addition to the projects located in the above "golden land", Van Thinh Phat also owns a series of other super projects such as: Sherwood Residence luxury serviced apartment building, An Dong commercial hotel, Bonville Land residential area, Sterling Residence luxury residential area, Lambert Residence luxury apartment area, Thuan Kieu Plaza,...

Currently, Van Thinh Phat is one of the leading corporations in Vietnam in the field of real estate investment and business. In addition to the fame in business, businesswoman Truong My Lan has also been mentioned many times in "scandals".

Specifically, in 2014, at the trial of Mr. Duong Tu Trong, Mr. Duong Chi Dung said that he and Mrs. Truong My Lan gave Lieutenant General Pham Quy Ngo 20 billion VND (1 million USD) for help in implementing the project. change function at Saigon port.

In 2016, the press also mentioned Lan's name a lot because some of the characters in the "Panama Papers" had the same name as her husband and wife. The "Panama Papers" are the largest leak of documents in world history, revealing how the rich and powerful moved money abroad from 1977 until the end of December 2015.

In 2017, the name Truong My Lan continued to be mentioned in the press with information that she and 9 other family members had applied for renunciation of Vietnamese nationality. After that, she and her relatives withdrew the application and were returned. She was also a defendant in a lawsuit to collect a debt of 13 billion VND from a Hong Kong overseas Vietnamese.

Trương Huệ Vân nhận lương 80 triệu/ tháng, không đủ tài chính khắc phục hậu quả Thảo Mai21:25:17 23/09/2024Chiều 23/9, TAND TP.HCM tiếp tục phiên xét xử bị cáo Trương Mỹ Lan và 33 bị cáo trong vụ án liên quan đến Công ty Cổ phần Tập đoàn Vạn Thịnh Phát, Ngân hàng TMCP Sài Gòn (SCB) và các đơn vị liên quan.