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In addition, Truong My Lan, through relatives, legal entities and other individuals, held the majority of shares at SCB Bank and Tan Viet Securities Joint Stock Company (TVSI), thereby manipulating, directing, operating and controlling all activities of these legal entities.
The Supreme People’s Procuracy’s indictment clarifies the crime of fraud and appropriation of property of Truong My Lan and her accomplices. The investigation results determined that from 2018-2020, related subjects at Van Thinh Phat Group Joint Stock Company, An Dong Investment Group Joint Stock Company, Quang Thuan Investment Joint Stock Company, Ho Chi Minh City Trade Services Joint Stock Company, Sunny World Investment and Development Joint Stock Company and other organizations committed fraudulent acts, violated the provisions of the law, created 25 bond packages with a total value of thousands of billions of VND to sell to buyers (bondholders), mobilized money and appropriated.
According to the indictment, from 2018 to 2020, Truong My Lan proposed and directed the defendants Dinh Van Thanh (Chairman of the Board of Directors of SCB), Vo Tan Hoang Van (General Director of SCB), Nguyen Phuong Hong (Deputy General Director of SCB), Nguyen Tien Thanh (Chairman, General Director of TVSI Securities Company) and Ho Buu Phuong (Deputy General Director of Van Thinh Phat Group) to use 4 companies An Dong, Sunny World, Quang Thuan and Setra to issue 25 “fake” bond codes with a total volume of more than 308 million bonds. From there, Truong My Lan mobilized capital from 35,824 investors (secondary investors), collecting a total amount of tens of thousands of billions of VND, used for many different purposes, not for the purpose of issuance, leading to the inability to pay bond debt.
Truong My Lan and her accomplices appropriated tens of thousands of billions of VND from 35,824 victims.
The Supreme People’s Procuracy’s indictment prosecuted the defendant Truong My Lan and 8 defendants for the crime of embezzlement. In this crime, Truong My Lan and her accomplices appropriated a total amount of hundreds of thousands of billions of VND through embezzlement of assets and issuance of bonds.
Regarding the crime of Illegally transporting currency across the border, the indictment clearly stated that the defendant Truong My Lan and 8 defendants illegally transported more than 4.5 billion USD, equivalent to more than 106,000 billion VND.