Truong My Lan hired 23 companies to transport 106 trillion VND abroad.

The investigation agency determined that 23 domestic and foreign companies received money transfers from abroad and brought back to Vietnam more than 106,000 billion VND for Ms. Truong My Lan, chairwoman of Van Thinh Phat Group.

In the second phase of the case that occurred at Van Thinh Phat Group, Saigon Commercial Joint Stock Bank ( SCB), the Supreme People's Procuracy prosecuted Ms. Truong My Lan - Chairwoman of the Board of Directors of Van Thinh Phat Group Joint Stock Company and 33 defendants on charges of "Fraudulent appropriation of property, Money laundering, Illegally transporting money across the border".

In the act of "Illegally transporting money across the border", the prosecution agency accused that from October 27, 2012 to October 7, 2022, Truong My Lan and her accomplices made "fake" contracts to buy and sell shares and capital contributions; Consulting between companies in Vietnam and companies abroad;

Through these contracts, money was transferred from abroad to Vietnam and from Vietnam to abroad, with a total of more than 4.5 billion USD, equivalent to more than 106,000 billion VND. Of which, the amount transferred was more than 1.5 billion USD (equivalent to more than 35,000 billion VND), and the amount received was more than 3 billion USD (equivalent to more than 71,000 billion VND).

Ms. Truong My Lan stated that through "fake" contracts, the loan money was transferred from abroad to Vietnam and the debt repayment money was transferred from Vietnam to abroad through the SCB Banking system.

According to the prosecution, the investigation results determined that since 2012, companies under Van Thinh Phat have used 23 companies to transfer money abroad and receive money from abroad to Vietnam.

Of these, 21 companies conducted 78 transactions of transferring money abroad, receiving money transferred from abroad illegally with a total amount of more than 4.5 billion USD.

The prosecution agency clarified that out of the 23 companies, 12 were established domestically, including: Golden Hill Investment Joint Stock Company; Blue Pearl Joint Stock Company; VinaLand Viet Investment LLC; Eastern View Investment and Development LLC;

Capitaland Tower Company Limited; Trade Wind Investment Joint Stock Company; Eland Real Estate Investment and Brokerage Company; Thanh Hieu Trading and Construction Company; Dong Sai Gon Development Joint Stock Company; Saigon Helios Joint Stock Company; An Dong Company and SPG Company.

And a group of 11 companies established overseas, of which 10 companies were established and operated in the British Virgin Islands, including:

Galaxy Capital Investment Development Company Noble Capital Group Limited; Glory Capital Investment Limited; Day Glory Development Limited; Vinaland Investments Limited Company; Leader Vision Capital Investment Limited;

Golden Hill Investment Company Limited; City Charm Investment Company Limited; Prominent Group Limited; Starlight Development Limited Company;

And Dragon Fund Investment Limited operates in the Cayman Islands.

In addition to the above companies, Truong My Lan also directed the organization and establishment of hundreds of "ghost" companies with no production or business activities to serve the financial activities of Van Thinh Phat Group such as credit loans, bond issuance, stock transfer...

In the case, the prosecution identified two foreign defendants, including Chen Yi Chung - former acting General Director of SCB, who actively assisted Truong My Lan in illegally transporting currency across the border with a total of more than 708 million USD (equivalent to more than 16,000 billion VND);

Defendant Chiu Bing Keung Kenneth - a lawyer, was assigned to manage foreign companies, actively assisting Truong My Lan in illegally transporting currency across the border totaling nearly 1.4 billion USD (equivalent to more than 34,000 billion VND).

"The actions of Chen Yi Chung and Chiu Bing Keung Kenneth constituted the crime of Illegally Transporting Currency Across Borders," the indictment alleges. However, the two defendants have left the country and their whereabouts are unknown. The Ministry of Public Security's Investigation Police Agency has issued a wanted notice and temporarily suspended the criminal investigation of the two defendants and temporarily suspended the investigation of them.

Trương Mỹ Lan viết đơn xin miễn giảm gần 700 tỷ án phí giai đoạn 1 Thảo Mai17:49:39 30/10/2024Dự kiến từ ngày 4-11 đến ngày 25-11, TAND Cấp cao tại TP.HCM sẽ xét xử phúc thẩm giai đoạn 1 vụ án Vạn Thịnh Phát để xem xét kháng cáo của bị cáo Trương Mỹ Lan, 47 bị cáo khác và các bị hại cùng một số người có quyền lợi và...