This morning (August 20th), the Ho Chi Minh City High-Level People’s Court opened an appeal trial due to an appeal requesting a reduced sentence for the defendant Tran Qui Thanh (former Director of Tan Hiep Phat Trading – Service Co., Ltd.) and his daughter, Tran Uyen Phuong.
Lawyer Nguyen Thi Huyen Trang, defending Mr. Tran Qui Thanh, requested a postponement of the trial, to which the defendant agreed.
After deliberating, the judge agreed to adjourn the trial and announced that the court would reconvene on September 6th.
Mr. Thanh and his daughter at the appeal trial
Last April, the Ho Chi Minh City People’s Court sentenced Mr. Thanh and Ms. Phuong to eight and four years in prison, respectively, for “Abuse of trust to appropriate property.”
The case details revealed that between 2019 and 2020, Mr. Thanh, through intermediaries, lent money to four individuals – Lam Son Hoang, Nguyen Huy Dong, Nguyen Van Chung, and Dang Thi Kim Oanh – at an interest rate of 3% per month.
However, instead of establishing loan agreements, they set up asset/share transfer contracts for the borrowers’ projects to conceal the nature of the transactions. Mr. Thanh then facilitated the transfer of ownership of the borrowers’ assets to his daughters. Both parties agreed that the borrowers could repurchase the assets upon full repayment of the principal and interest within the agreed timeframe.
When the borrowers expressed their desire to repay the debt, Mr. Thanh and his daughter created obstacles and refused to honor the agreement, imposing penalty interest and making it impossible for the borrowers to complete the repayment. They then claimed that the borrowers had failed to uphold their end of the bargain and forfeited their right to repurchase the assets.
The court determined that the asset transfer contracts were illegal. The total value of the assets misappropriated by Mr. Thanh and his daughters from the victims amounted to over VND 1,000 billion.
Following the first trial, in addition to the defendants’ appeals, the victims, Ms. Dang Thi Kim Oanh and Mr. Lam Son Hoang, and several other interested parties also filed appeals against the verdict.
Indictment of Tran Quà Thanh and 2 Daughters
The accused defendant Tran Qui Thanh, former director of Tan Hiep Phat Trading and Services Company Limited, along with his two daughters and accomplices, are facing charges of credit abuse and embezzlement of over 1,000 billion dong from four individuals.
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