On September 27th, the People’s Court of Ho Chi Minh City continued the trial related to Van Thinh Phat Group Joint Stock Company, focusing on clarifying the material evidence, property, and seized objects, as well as the property rights of individuals with relevant rights and obligations in the case.
During the trial, the accused, Bui Van Dung, former personal driver of Truong My Lan, the ex-Chairwoman of the Board of Directors of Van Thinh Phat Group, expressed his desire to retrieve over VND 10 billion currently held by the authorities in frozen bank accounts and savings books.
The trial is ongoing.
Truong My Lan (far left) in court
On the same day, the presiding judge, Nguyen Thi Ha, announced the verification of personal information and the number of bonds held by the victims and concerned parties in this case.
Accordingly, the Ho Chi Minh City People’s Court stated that in this case, regarding the act of “fraudulent appropriation of property,” the court considered resolving the cases of the victims who had purchased the following six bond codes: QT2018.12.01; ADC 2018.09; ADC 2018.09.01; ADC 2019.01; SET.H2025; and SNW-2018.10, issued by An Dong Investment Joint Stock Company, Sunny World Investment Joint Stock Company, Quang Thuan Joint Stock Company, and Ho Chi Minh City Service and Trade Joint Stock Company (Setra).
Previously, the Ho Chi Minh City People’s Court announced that from September 6, 2024, the court had publicly posted the decision to bring the case to trial and the list of victims and concerned parties on the electronic information page: https://hochiminhcity.toaan.gov.vn.
According to the court, if personal information and the number of bonds do not match or contain errors, the victims need to submit a request for adjustment (along with supporting documents) to the People’s Court of Ho Chi Minh City, address: 131 Nam Ky Khoi Nghia, Ben Thanh Ward, District 1, Ho Chi Minh City. The deadline for submitting the request was September 18, 2024.
As of the latest announcement on September 27, the deadline for victims to correct their bond information has been extended.
For victims related to these six bond codes, if there are discrepancies or errors in personal information and the number of bonds held, but they have not submitted a request for adjustment to the court, they should continue to do so (along with supporting documents) to the People’s Court of Ho Chi Minh City (address: 131 Nam Ky Khoi Nghia, Ben Thanh Ward, District 1, Ho Chi Minh City).
For individuals and organizations who purchased bonds that do not fall within these six bond codes, they are not within the scope of this case. Therefore, the Ho Chi Minh City People’s Court will not accept requests for resolution from individuals or organizations who purchased bonds outside of these six codes.
From 2018 to 2020, Truong My Lan formulated and directed the accused, including Dinh Van Thanh, Chairman of the Board of Directors; Vo Tan Hoang Van, General Director; Nguyen Phuong Hong, Deputy General Director of SCB; Nguyen Tien Thanh, Chairman and General Director of TVSI Securities Company; and Ho Buu Phuong, Deputy General Director of Van Thinh Phat Group, to use four companies: An Dong, Sunny World, Quang Thuan, and Setra, to issue 25 “fake” bond codes, with a total volume of 308,691,388 bonds, to raise funds from 35,824 investors, amounting to over VND 30,000 billion.
The Apprentice Reveals: Zhang Jiaying Ordered the Transfer of Funds Overseas
At the trial, the remaining defendants, comprising SCB’s leadership and companies within Van Thinh Phat’s ecosystem, testified that Truong My Lan orchestrated the transfer of funds overseas.
The Extravagant Spending Spree: Unraveling the Scandal of Trương Mỹ Lan’s Alleged Coercion of Her Husband to Blow Tens of Billions on SCB Bank Cards
“Trương Mỹ Lan allegedly coerced her husband, Chu Lập Cơ, into utilizing credit cards from SCB with a staggering limit of up to 10 billion VND.”
Wealthy Driver: The Story of a Privileged Chauffeur’s Perks and Adventures.
A lucky chauffeur, skilled in the art of discretion and trusted with immense responsibility, finds himself with a unique perk—a generous tip of 500,000 VND for each trip to SCB, where he securely transports pre-packed cash for his esteemed employer, Ms. Truong My Lan.
“The personal chauffeur of Truong My Lan, with a stoic and unwavering demeanor, revealed a fascinating insight into the world of high-stakes finances. With a nod to his discreet and trusted role, he shared that upon instruction, he would embark on a journey to the SCB Bank, a place where fortunes are made and secured. His task was simple yet laden with intrigue: to collect a substantial sum of money, carefully packaged and boxed, ready to be discreetly transported back to its final destination.”
The Accused, Truong My Lan, Testifies About the Fateful Lunch Meeting Regarding the Bond Issuance
Mrs. Truong My Lan, at the behest of Mrs. Hong, hosted a “lunch meeting” and invited several key accused individuals, including leaders from SCB and Tan Viet Securities, to discuss matters pertaining to the bond issuance.
