Truong My Lan "washed" more than 445,700 billion VND, the Department of Prevention and Control did not know

PinkyJun 09, 2024 at 13:29

 1  |  1 Discuss  |  Report

Follow on

Continuing further investigation in the Truong My Lan case, Van Thinh Phat's owner in 4 years has "laundered" the amount of more than 445,700 billion VND. The Department of Prevention and Control was also unaware of her embezzlement process.

In phase 2 of the Van Thinh Phat case, the Chairman of this group, Ms. Truong My Lan was accused of defrauding more than VND 30,000 billion of bond investors. At the pre-case stage, Ms. Lan was determined to embezzle more than 415,000 billion VND.

The total of the above two amounts, which is more than 445,000 billion VND, was "washed" by Truong My Lan by using thousands of legal entities and individuals to transfer m.oney around, withdraw cash for spending and investment. This took place in the period 2018 - 2022.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 1

According to the investigation, in the period from the merger of SCB Bank to the prosecution of the case, in the period 2012 - 2022, this bank submitted 3,160 report files to the Anti-Money Laundering Department of the State Bank Supervision Inspection Agency.

The report files show that there are more than 313,000 electronic m.oney transfers, transactions of $1,000 or more or in other foreign currencies of equivalent value. The total amount of transfers and receipts under these transactions is more than 489,688,700 million VND, equivalent to more than 22.2 billion USD. In which, there were only 151 suspicious transactions.

Police verification shows that the Department has the role of receiving information and reports from organizations in accordance with the law on prevention and combat of m.oney laundering and other information related to crimes.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 2

Ms. Truong My Lan was investigated for 4 years and laundered more than 415 trillion VND.

The Government further stipulates that the basis for determining electronic m.oney transfer transactions related to this activity is subject to criminal handling; people on the warning list of the State Bank or countries around the world...

Comparing the above regulations, more than 313,000 m.oney transfer transactions at SCB are not subject to the Department's monitoring. The investigating agency therefore determined that the Department had no basis to determine transactions at SCB related to this activity, transporting m.oney of companies in the Van Thinh Phat group.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 3

With 151 suspicious transaction reports sent by SCB Bank to the Department, the police said that among these there was no list of 85 companies of Van Thinh Phat group transferring m.oney abroad and 63 units receiving m.oney from abroad to Vietnam. Therefore, the Department has no basis to analyze and doubt the m.oney transfer of the business group of Van Thinh Phat.

In addition to m.oney laundering, "Truong Muoi" and his accomplices were also accused by the police of illegally transferring more than 4.5 billion USD across the border, including transferring more than 1.5 billion USD abroad and receiving 3.0 billion USD. Ms. Lan declared that the m.oney transferred to Vietnam was a loan, and in the opposite direction was to repay the debt.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 4

The police also verified the responsibility of the Foreign Exchange Management Department of the State Bank of Vietnam. However, this unit: "It does not have the function of examining and inspecting foreign exchange activities of organizations and individuals in general as well as foreign exchange transactions to transfer m.oney abroad or to Vietnam in particular".

The Foreign Exchange Management Department only statistics and monitors data on the basis of the general report data of each bank, there is no transaction data of each specific organization or individual. In the process of monitoring the aggregate data provided by SCB, the Foreign Exchange Surveillance Department has no basis to detect irregularities in the aggregate data on m.oney going abroad and receiving m.oney from abroad transferred to Vietnam.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 5

The authorities are also unaware of this slippery slope of Truong My Lan.

The investigating agency therefore affirmed that there was no basis to consider the responsibility of the Department and the Department of Foreign Exchange Surveillance in violating regulations on international m.oney transfers by subjects and companies belonging to Van Thinh Phat and SCB.

Truong My Lan washed more than 445,700 billion VND, the Department of Prevention and Control did not know - Photo 6

Did you LIKE this article?
Yes
No

Related topics

Ms. Truong My Lan did not accept the d.eath sentence, appealed to the end, and sent a petition from the prison

Phúc Sen16:56:29 29/04/2024
After being sentenced to d.eath, Ms. Truong My Lan did not accept the entire sentence, President Van Thinh Phat sent a final appeal, sent from the detention center to the People's Court of Ho Chi Minh City, hoping to have the crime retried.

 1  |  1 Discuss  |  

Zhang Huiyun sobbed and begged the court to reduce Ms. Zhang My Lan's d.eath sentence

Trí Nhi10:43:38 05/04/2024
Defendants Zhang Huiyun and Zhou Lijie said their last words in tears, and she asked the court to commute Ms. Zhang Meilan's sentence to escape the d.eath penalty. Both begged the council to consider and lightly sentence the guilty fellow, sobbing apologetically at the horseshoe.

 3  |  1 Discuss  |  

Zhang Meilan burst into tears and said his last words, tormenting him every night in the detention center

Gia Nhi10:42:06 04/04/2024
In the afternoon of April 3, the trial of the case that occurred at Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB) ended the argument. Defendant Truong My Lan and the defendants present at the trial were given the last word before the court entered the deliberations.

 4  |  1 Discuss  |  

Holding 1,350 billion from Ms. Truong My Lan, how did Truong Hue Van overcome the consequences?

Gia Nhi13:21:52 22/03/2024
On the afternoon of March 21, the trial of defendant Truong My Lan (68 years old, Chairman of the Board of Directors of Van Thinh Phat Group) and 85 accomplices continued the arguments of the lawyers and the self-defense of the defendants.

 3  |  1 Discuss  |  

Ms. Truong My Lan was stunned to hear the d.eath penalty proposal and was given the opportunity to see her daughter again

Trí Nhi13:30:18 21/03/2024
After hearing the d.eath penalty recommendation, defendant Truong My Lan - the key figure in the Van Thinh Phat case - collapsed and suffered a mental breakdown. She also had the opportunity to see her daughter again, as a privilege.

 53  |  6 Discuss  |  

Van Thinh Phat case: Truong My Lan gave billions to her employees, but 2 years later said she forgot

Gia Nhi10:10:51 14/03/2024
The Van Thinh Phat case continues to have new developments causing a stir in public opinion. Accordingly, when Ms. Truong My Lan was questioned about giving her employees a Tet bonus of several hundred billion, she repeatedly shook her head and said she forgot, did not remember anything, netizens were confused.

 1  |  1 Discuss  |  

How did Ms. Truong My Lan illegally transfer more than 4.5 billion USD across the border?

Bút Máy10:48:49 21/06/2024
The 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 testimony, m.oney transferred abroad is debt repayment.

 2  |  1 Discuss  |  

Truong My Lan asked to repay bonds to bondholders with all m.oney and assets

Quỳnh Quỳnh16:46:49 10/06/2024
According to the investigating agency, Ms. Truong My Lan has asked to take responsibility for her mistakes and will repay bonds to bondholders using all m.oney and assets.

 3  |  1 Discuss  |  

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

Bút Màu16:31:48 07/06/2024
According to the conclusion of the Investigating Police Agency of the Ministry of Public Security, the defendant Truong My Lan has changed in terms of awareness and legal awareness, has sincerely declared and repented.

 5  |  1 Discuss  |  

Hong Kong billionaire proposes to "save" Truong My Lan, wife Thanh Bui gets reduced sentence

Đình Như17:20:52 03/04/2024
Recently, during the trial of Van Thinh Phat and SCB cases, Mr. Phan Trung Hoai, the lawyer of the defendant Truong My Lan, unexpectedly sent to the Trial Council a document dated March 27 of Dr. Justin Chiu, CEO of CK Asset Holdings Limited.

 5  |  1 Discuss  |  

One defendant in the Truong My Lan case had terminal cancer and asked for exemption from punishment

Thảo Mai16:31:11 28/03/2024
On March 28, continuing the trial of the case of Truong My Lan (Chairman of the Board of Directors of Van Thinh Phat Group), the lawyer of defendant Luu Quoc Thang (former Head of SCB Bank's Control Board) conducted a defense. .

 5  |  1 Discuss  |  

Truong My Lan received help from a foreign billionaire, the court immediately said it would create all conditions

Phúc Sen13:24:10 25/03/2024
The Ho Chi Minh City People's Court has ended nearly 3 weeks of trial of Ms. Truong My Lan and 85 defendants. Last week, representatives of the Procuracy recommended punishment for 86 defendants, of whom Ms. Lan was recommended the d.eath penalty.

 34  |  8 Discuss  |  

o HuyenQuang Hai's wifealways nomadicteam africaZhou QingxuanblackpinkjennielisaHong LoanTuan Ngoclight spirit -durian