Defendant Truong My Lan argued that the data provided by SCB differed from the information released by the investigating agency and requested that SCB provide the complete data again.
Ho Chi Minh City absolutely prohibits any exploitation of organizational restructuring and personnel downsizing for corruption, waste, or negative practices.
On the morning of February 3rd, Prime Minister Pham Minh Chinh visited and extended New Year greetings to the State Bank of Vietnam and the banking sector, assigning tasks for 2025 and beyond.
According to the latest announcement from SCB, the bank has just closed three more branches.
The Court of Appeal ordered SCB to cooperate with the authorities in managing and handling Ms. Truong My Lan's assets, and not to dispose of these assets independently.
Defendant Truong My Lan was sentenced to death for the crimes of embezzlement, bribery, and violating regulations on lending in the operations of credit institutions.
In the appeal ruling of the Van Thinh Phat case, phase 1, the panel of judges sentenced defendant Truong My Lan to death.
After the defendants' final statements, the panel of judges announced that they would deliberate for an extended period and pronounce the verdict in the first phase of the Van Thinh Phat appeal trial on the morning of December 3rd.
Truong My Lan pleaded to be spared the death penalty, stating that this was the most serious case ever in Vietnam and hoping the court would apply a special mechanism in handling her assets.
Having paid 1,2 billion VND to mitigate the consequences and actively participated in charitable activities, defendant Truong Khanh Hoang, former acting General Director of SCB, was recommended by the Procuratorate for a further reduction in his sentence.
The prosecution requested SCB to provide information on pre-merger debt, current outstanding debt, debt refinancing loans, and the amount withdrawn by defendant Truong My Lan, but SCB refused.
The High People's Procuracy in Ho Chi Minh City has requested the appellate court to reduce the sentences for defendants Chu Lap Co, Truong Hue Van, and several other defendants.
During questioning, defendant Truong My Lan accepted full responsibility for the case but denied managing SCB Bank.
Defendant Truong My Lan requested the court to reduce her sentence and hoped to regain possession of assets including an old villa, two yachts, and several houses on Nguyen Hue Street...
The Ho Chi Minh City High Court is hearing the appeal of defendant Truong My Lan and 47 other defendants on charges of embezzlement causing losses of 677.000 billion VND to SCB.
The Governor of the State Bank of Vietnam stated that the incident at Saigon Commercial Bank was a large-scale mass withdrawal, affecting liquidity and the confidence of foreign investors.
The Ho Chi Minh City High Court has set a date for the appellate trial of defendant Truong My Lan, who is appealing her death sentence in phase 1 of the Van Thinh Phat case.
TAND TP.HCM đã tuyên án sơ thẩm giai đoạn 2 bị cáo Trương Mỹ Lan và 33 bị cáo khác trong sai phạm xảy ra tại Công ty cổ phần Tập đoàn Vạn Thịnh Phát, Ngân hàng SCB.
The defense lawyer for Truong Vincent Kinh - Truong My Lan's cousin - argued that the defendant regretted signing the documents that allowed Ms. Lan to embezzle more than 26.000 billion VND.
Defendant Truong Hue Van asked the court to exempt Mr. Chu Lap Co, the husband of Truong My Lan, whom she considered her mentor, from punishment.
Ms. Truong My Lan claimed that nearly $1 billion out of the total of over $3 billion transferred from abroad belonged to the defendant's friends and was intended to purchase shares and participate in the restructuring of SCB.
At the trial, the remaining defendants, who were leaders of SCB and companies within the Van Thinh Phat ecosystem, testified that Truong My Lan directed them to transfer money abroad.
Truong My Lan confessed that she forced Chu Lap Co (her husband) to use money from SCB credit cards with a limit of up to 10 billion VND.
Truong My Lan's private driver testified that upon receiving instructions, he would go to SCB Bank to collect the money, which had already been packed in boxes and only needed to be loaded onto the vehicle for transport.
Receiving a salary of 120 million VND per month, defendant Nguyen Phuong Anh, Deputy General Director of Saigon Peninsula, created 600 shell companies, helping Truong My Lan embezzle more than 4.607 billion VND from SCB.
Defendant Truong My Lan agreed to sell off the "prime land" buildings and mega-projects at a low price to mitigate the consequences of the case, and any surplus would be donated to building schools.
Truong My Lan argued that the bondholders, many of whom were elderly people, bought the bonds as their last savings, and because they trusted her and SCB, they felt compelled to pay in full at all costs.
Defendant Truong My Lan argued that Van Thinh Phat had no need to issue bonds because it was not related to the banking and finance sector, and that this policy came from the leadership of SCB.
During the second phase of the Van Thinh Phat trial, the SCB supervisor testified that when he questioned the improper deposit and withdrawal of funds, his boss told him, "Don't worry, it's 100% correct."
Working with General Secretary and President To Lam, the Chairman of Ho Chi Minh City proposed resolving many outstanding issues regarding the Thu Thiem New Urban Area, the 10.000 billion VND flood control project, etc.
Hotline: 0855.911.911 
RSS 
