In court, the defendant admitted to all the criminal acts as charged in the indictment. However, the judges deemed it necessary to further clarify the actions of Phạm Thị Cúc, who lent Trang three bank accounts to receive funds related to Trang’s criminal activities. Consequently, the court decided to return the case for additional investigation to determine the responsibilities of all involved parties.
The indictment revealed that over nearly 7 years, Trang exploited the trust of principals at two public high schools in Ho Chi Minh City to embezzle more than 18.7 billion VND.
The defendant in court. Photo: HÀ NGUYỄN
Specifically, Trang served as an accountant at N.T.M.K High School from November 2016 to February 2022. Noticing the principal’s lack of financial expertise, Trang created a set of documents, including two payment orders: the first fully detailed for the principal’s signature, and the second with only the amount and general content, which she later altered to list Phạm Thị Cúc, an acquaintance, as the beneficiary. Once the money entered Cúc’s account, Trang requested cash withdrawals and had it delivered to herself. The indictment stated that Trang’s method was so sophisticated that even during financial audits, the principal failed to detect any irregularities. Over time, Trang successfully embezzled over 5.1 billion VND.
Later, Trang was transferred to T.L.M. High School. There, she continued her scheme, exploiting the principal’s absence due to work or illness. She used the school’s signature stamp and seal to forge hundreds of payment orders, transferring funds from the school’s account to her personal account and Cúc’s account. From April 2022 to February 2024, Trang embezzled more than 13.6 billion VND.
How Did the Former CEO of SJC Bypass the State Bank’s Supervision to Introduce External Gold Materials for Production?
“A scandal has rocked the gold industry as allegations surface of a sophisticated scheme involving the illegal production and distribution of gold bars and rings. At the center of the controversy is Le Thuy Hang, who is accused of orchestrating a plan to source raw gold from unknown outside sources and smuggle it into her workshop. Taking advantage of lax supervision, Hang and her accomplices are believed to have illicitly manufactured and distributed the gold items, raising serious concerns among authorities and highlighting the need for tighter controls in the industry.”
A Web of Embezzlement: The $3 Million Scandal Involving the Former CEO of SJC.
The Supreme People’s Procuracy of Vietnam has revealed that Le Thuy Hang, the former CEO of Saigon Jewelry Company Limited (SJCL), illegally profited to the tune of over VND 73 billion ($3.1 million). Hang is accused of issuing directives that contravened the law, resulting in significant personal gain.
“Former SJC Gold Company CEO Accused of Illicitly Producing Thousands of Taels of Gold Using External Raw Materials, Hoarding Stabilization Gold to Sell at Higher Prices”
The indictment by the Supreme People’s Procuracy revealed that Mrs. Hang and her accomplices caused a loss of over VND 107 billion to SJC Company. This includes a loss of VND 11.6 billion due to embezzlement and VND 95.8 billion due to violations. Mrs. Hang is accused of personally benefiting to the tune of VND 73.5 billion from these illicit activities.
“Former Chairman of Tan Tan Company Faces Prosecution: A Case for Ethical Leadership”
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The investigative agency has finalized its additional investigation, maintaining its stance to prosecute Mr. Tran Quoc Tan, the former Director of Tan Tan Joint Stock Company, on two charges.
“Leading Lady Takes the Helm at HBS, Succeeding the “Gen Z” Chairman”
On August 25th, Hòa Bình Securities Joint Stock Company (HNX: HBS) made headlines with a key personnel change following the morning’s Board of Directors meeting. The company announced the dismissal of Mr. Lê Đình Dương from his role as Chairman of the Board and simultaneously appointed Ms. Trần Mỹ Linh as his replacement.
