In the case that occurred at Van Thinh Phat Corporation, SCB Bank, and some related units, the Investigative Agency has transcribed, sealed, seized, and temporarily detained assets related to Truong My Lan and her accomplices. The total amount of seized money is VND 589 billion and nearly USD 14.5 million, along with numerous real estate properties, supercars, yachts, etc.
According to the indictment, the defendants voluntarily or influenced their families to submit money and assets to remedy the consequences caused by their own criminal acts.
Among them, defendant Duong Tan Truoc – General Director of Tuong Viet Company (indicted for the crime of embezzlement of assets as an accomplice of Truong My Lan) was recorded as the one who returned the most, over VND 3,000 billion. In addition, after Lan was prosecuted, Mr. Ta Hung Quoc Viet – CEO of Greenhill Village Joint Stock Company contacted and returned to the investigating agency USD 14.5 million that Lan had given to Mr. Viet.
According to the indictment, Duong Tan Truoc knew defendant Truong My Lan since the end of 2020. The owner of Van Thinh Phat Corporation knew that Duong Tan Truoc was knowledgeable about implementing real estate projects, so she wanted to transfer the Thanh Yen Project for VND 2,500 billion.
Truong My Lan before being arrested.
However, Truong My Lan told Duong Tan Truoc that she didn’t have to pay the money, but only needed to apply for a loan profile at SCB to receive a debt of VND 3,500 billion, including VND 2,500 billion for the project transfer, and VND 1,000 billion that Truong My Lan used and was responsible for returning to SCB.
After discussing with Truong My Lan and Truong Khanh Hoang – former Deputy CEO of SCB about the above content, Duong Tan Truoc repeated the conversation to Cao Viet Dung (Chairman of the Board of Directors of Tuong Viet Company) and obtained agreement.
Then, Duong Tan Truoc instructed the company’s employees to contact the leadership of Van Thinh Phat Corporation to coordinate with SCB employees to implement the plan of using two companies, Thuan Tien and Khanh Minh (both companies managed by Truoc) to create fake loan profiles totaling VND 3,500 billion at SCB.
On May 19, 2022, SCB disbursed VND 3,500 billion, and Thuan Tien and Khanh Minh companies acknowledged the debt. After the disbursed money was transferred, it was circulated into the accounts of many individuals and companies belonging to the group of Truong My Lan, Van Thinh Phat, and used for various purposes of Lan.
According to Duong Tan Truoc’s statement, after these two loans were executed, Truong My Lan directed Tran Thi My Dung, former Deputy CEO of SCB, to create a loan profile for Tuong Viet of VND 1,500 billion.
Truong My Lan agreed to give Duong Tan Truoc VND 1,500 billion, but as of July 6, 2022, Truoc had only received VND 1,498 billion. Among this amount, Duong Tan Truoc actually received VND 1,258 billion, and Truong My Lan used VND 240 billion.
To ensure the agreement to give Duong Tan Truoc the full amount of VND 1,500 billion, Truong My Lan instructed Tran Thi My Dung to create a credit limit of VND 250 billion for Viet Duc Joint Stock Company (belonging to Tuong Viet Group) to withdraw money for Truoc.
Meanwhile, to implement the above loan, Duong Tan Truoc instructed his employees to create fake purchase and sale contracts between companies within the Tuong Viet Group to legitimize the loan plan. Then, on August 18, 2022, SCB Cholon Branch signed an agreement for Viet Duc Company to borrow VND 248.5 billion.
Through the above two loans, Tuong Viet and Viet Duc companies borrowed more than VND 1,746 billion from SCB. Of the withdrawn money, Truong My Lan and Duong Tan Truoc used VND 240 billion and more than VND 1,368 billion respectively, while Tuong Viet Company used VND 138 billion.
After the case was prosecuted, on October 17, 2022, Duong Tan Truoc and Tuong Viet Company partially paid the principal and interest, and as of now, the remaining debt for the two loans is over VND 900 billion.
According to the indictment, Duong Tan Truoc also received over VND 2,697 billion from Truong My Lan, and he returned more than VND 492 billion to the owner of Van Thinh Phat, leaving over VND 2,204 billion. Duong Tan Truoc voluntarily returned the entire amount to Truong My Lan to remedy the consequences of the case and hoped to use all the assets together with his family to remedy the consequences of the case.
Regarding the USD 14.5 million in cash, this is the money that Truong My Lan gave to Mr. Ta Hung Quoc Viet. According to the concluded investigation, on October 5, 2022, under a prior agreement, Truong My Lan gave USD 14.5 million (equivalent to VND 350 billion) to Ta Hung Quoc Viet to receive the transfer of the Greenhill Quy Nhon project, which Mr. Viet was the investor.
On October 23-25, 2022, after being invited to work by the investigating agency, Mr. Viet contacted and returned all the money he had received from Truong My Lan, including over VND 116.29 billion (about USD 4.75 million) and USD 9.75 million – equivalent to USD 14.5 million.
Lan stated that the USD 14.5 million is hers, and these people voluntarily deposited into the temporary account of the investigating agency the sum of VND 116 billion (about USD 4.75 million) and USD 9.75 million. The total amount already deposited is equivalent to the USD 14.5 million that Lan gave to Viet.
