Van Thinh Phat case: Truong My Lan's relatives paid more than 95 billion VND to remedy the consequences

According to VietNamNet, the High People's Court is conducting an appeal trial of defendant Truong My Lan and 47 accomplices. At the trial, Ms. Lan always expressed her desire to use her assets to remedy the consequences of the case.

Recently, relatives of defendants Truong My Lan, Chu Lap Co and Truong Hue Van have paid more than 95 billion VND to remedy the consequences into the enforcement agency's account at the State Treasury.

Specifically, Times Square Vietnam Investment Joint Stock Company paid 80 billion VND to Ms. Truong My Lan; paid 7.5 billion VND to Mr. Chu Lap Co and Mr. Bui Vu Thanh paid more than 7.5 billion VND to Ms. Truong Hue Van.

Previously, on October 23, Ms. Truong My Lan submitted a petition to the HCM City Department of Civil Judgment Enforcement, requesting to proactively remedy the consequences of the case.

The HCM City Department of Civil Judgment Enforcement acknowledges Ms. Truong My Lan's proactive enforcement of the judgment. However, Judgment No. 157/2024/HS-ST (Van Thinh Phat case, phase 1), Judgment No. 504/2024/HSST (Van Thinh Phat case, phase 2) have not yet taken legal effect, so the HCM City Department of Civil Judgment Enforcement has no basis to accept and organize the enforcement of the judgment. Therefore, the HCM City Department of Civil Judgment Enforcement transfers Ms. Truong My Lan's petition to the Court for consideration and settlement according to its authority, in order to ensure the rights and legitimate interests of the parties, and to ensure the maximum recovery of money and assets of the case effectively.

In Ms. Lan’s petition for remedial measures, there are some amounts of money and assets that were seized and frozen by the investigation agency but have not been fully stated in the appendices of the judgment and the amounts of money that she contributed or lent to partners and customers but have not been fully mentioned in the judgments. Therefore, Ms. Lan requested that the HCM City Department of Civil Judgment Enforcement proactively coordinate with her family and relevant agencies to compare and take measures to thoroughly recover them to ensure that the judgment enforcement is not lost, causing damage to her and the State.

In particular, in the petition, Ms. Lan requested the HCM City Department of Civil Judgment Enforcement to prioritize the enforcement of the civil liability part of the first instance judgment, phase 2, with an amount of more than 30 trillion VND for the victim and those related to bond investment.

Regarding the source of funds to remedy the consequences, Ms. Lan stated that it includes: the amount of money that the family actively paid or the amount of money transferred to partners into the account of the HCM City Department of Civil Judgment Enforcement since the first-instance trial until now is more than 3,967 billion VND; Ms. Lan's money or the amount of money determined by the Investigation Agency to be related and confiscated; Ms. Lan's money or the amount of money determined by the Investigation Agency to be related and in the frozen account; the amount of money borrowed by partners, customers or contributed by Ms. Lan to business cooperation or misappropriated and has been ordered by the Court to be recovered.

Regarding the civil liability of more than VND 673 trillion of the first-instance judgment, Ms. Lan requested the HCM City Department of Civil Judgment Enforcement to prioritize handling assets to remedy the consequences of the principal debt of more than VND 480 trillion according to the judgment.

For 1,121 mortgaged assets at SCB, Ms. Lan requested to re-evaluate the asset value in accordance with the actual value at the time of asset handling to ensure no loss and waste for individuals and the state.

For some assets that are not related to the case, not mortgaged, not seized and assets that her friends lent her to sell to get money to remedy the consequences such as: 18% of shares at Vietcombank Tower Building, 65 mortgaged assets for debt repayment obligations currently held by SCB Bank, Ms. Lan requested to allow her family to proactively seek partners and customers to continue developing or transferring to create additional sources of income to remedy the consequences.

Regarding assets that originated before 2012 and were acquired through business and savings of the family over the past 50 years, Ms. Lan requested the Department of Civil Judgment Enforcement to consider final execution. In case it is sufficient to remedy the consequences, Ms. Lan would like to have the seizure lifted and kept as assets and as a livelihood for her family.

Defendant Truong My Lan was recommended a life sentence in the Van Thinh Phat case phase 2 An Nhi15:44:49 04/10/2024On October 4, the People's Court of Ho Chi Minh City continued the trial of phase 2 of the case related to Van Thinh Phat Group Joint Stock Company. The representative of the HCMC People's Prosecutor's Office made allegations and recommended the sentence for each defendant.