On November 12th, the Ho Chi Minh City People’s Court conducted a first-instance trial, sentencing Duong Thanh Man (born in 1993) to 16 years in prison for “Fraud to Appropriate Property.”
The case details reveal that Man was a personal customer service officer at Sacombank’s Tan Binh Branch – Bau Cat Transaction Office. Her role involved receiving and processing loan applications from customers.
On December 12th, 2019, Mr. and Mrs. T.A.L. signed a credit agreement with Sacombank to borrow 3.5 billion VND. Through this transaction, Man became acquainted with the couple.
Defendant in the case of a bank officer embezzling 5 billion VND from a borrower
The collateral for the loan was a property located in Ward 14, Tan Binh District (formerly), Ho Chi Minh City. The credit file was processed by Man and approved by Mr. P.D.T., the Head of Bau Cat Transaction Office and Deputy Director of Tan Binh Branch.
On September 21st, 2020, Mr. and Mrs. T.A.L. signed an amendment to the credit agreement, increasing the credit limit to 5 billion VND, though the funds had not yet been disbursed.
By June 2021, Man learned that Mr. and Mrs. T.A.L. had not yet withdrawn the loan. She then devised a scheme to create a promissory note, forging Mr. T.A.L.’s signature to facilitate the disbursement and subsequent embezzlement of the funds.
Man used a friend’s bank account to receive the disbursed loan intended for Mr. and Mrs. T.A.L.
She fabricated a promissory note dated June 16th, 2021, falsely stating that Mr. T.A.L. requested the disbursement of 5 billion VND into the aforementioned bank account. Man then forged Mr. T.A.L.’s signature and submitted the documents to the Head of Bau Cat Transaction Office for approval.
After approval, Man forwarded the documents to the transaction processing department to disburse the funds.
Man admitted that upon receiving the money, she used the entire amount to settle debts with multiple creditors.
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