The Ho Chi Minh City Civil Enforcement Department has selected an auctioneer to sell three cars – a BMW, a Lexus, and a Maybach – related to Ms. Truong My Lan, with a total starting bid of over 8,7 billion VND.
Regarding the abolition of the death penalty for eight charges, including embezzlement, a reporter asked whether Ms. Truong My Lan's death sentence could be commuted to life imprisonment.
At the appeal hearing of the Van Thinh Phat case, former SCB Bank CEO Vo Tan Hoang Van argued that the 17-year prison sentence for two crimes handed down in the first instance trial was too harsh for him.
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.
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.
The land at 152 Tran Phu (District 5), formerly owned by the Vietnam Tobacco Corporation, has been reclaimed by Ho Chi Minh City, but Truong My Lan still requested permission to use it to mitigate the consequences of her actions.
The investigative agency of the Ministry of Public Security has requested the Valuation Council to select a consulting firm to determine the land use rights price and the value of the Saigon One Tower project in District 1, Ho Chi Minh City.
In her final statement, Truong My Lan promised to rectify the consequences and asked the court to consider granting her leniency under the law.
The Ho Chi Minh City People's Procuracy has requested the court to reduce the sentence of defendant Ngo Thanh Nha, the sister-in-law of defendant Truong My Lan, compared to the previously proposed sentence.
The One HCMC project has been unfinished for over 10 years, while Saigon One Tower was seized to settle debts; both mega-projects in the heart of District 1 were once expected to bring a new look to Ho Chi Minh City.
The Ho Chi Minh City People's Procuracy has requested a life sentence for defendant Truong My Lan on three charges: "Fraudulent appropriation of property," "Money laundering," and "Illegal transportation of currency across the border."
Truong My Lan confessed that before her arrest, she had agreed with Bitexco to transfer the Ben Thanh Quadrilateral project for 22.000 billion VND, and now the project is worth more than 100.000 billion VND.
Ms. Truong My Lan's Amigo mega-project, aimed at rectifying the consequences for bondholders, covers an area of over 1,3 hectares and is located on Nguyen Hue pedestrian street, with an expected land price of 810 million VND/m2.
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.
On the afternoon of April 11, the Ho Chi Minh City People's Court announced the verdicts for 86 defendants in the case involving Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB).
Tomorrow (April 11th), the Ho Chi Minh City People's Court will announce the verdicts for the defendants in the case involving Van Thinh Phat Group, SCB Bank, and related organizations.
In court, defendant Nguyen Cao Tri confessed to the motive behind embezzling 1.000 billion VND from Truong My Lan, and also thanked Ms. Lan for requesting the court to reduce his criminal liability.
During the questioning phase, the representative of the Ho Chi Minh City People's Procuracy outlined 10 methods and tricks that Truong My Lan and her accomplices used to embezzle 1 trillion VND from SCB Bank.
During their testimony before the court, Truong My Lan, Chu Lap Co, and Truong Hue Van stated that their health was stable and they could clearly hear the accusations.
The Ho Chi Minh City People's Court opened a trial to hear the case against defendant Truong My Lan (Chairwoman of the Board of Directors of Van Thinh Phat Group) and other defendants related to the Van Thinh Phat and SCB Bank case.
In the Van Thinh Phat case, two tycoons voluntarily paid thousands of billions of dong to Truong My Lan to mitigate the consequences.
As the most expensive building in the heart of Ho Chi Minh City, Times Square was used by the couple Truong My Lan and Chu Lap Co as collateral for loans in the Van Thinh Phat case.
In assisting Ms. Truong My Lan in embezzling over 4.750 trillion VND from SCB Bank, Duong Tan Truoc, General Director of Tuong Viet Company, allegedly received nearly 2.700 trillion VND.
The Ho Chi Minh City People's Court is calling on five defendants currently wanted in the Van Thinh Phat case to surrender in order to benefit from the leniency policies of the Party and the State.
The investor of One Central HCM – a mega-project in the heart of Ho Chi Minh City – has successfully extended 10 tranches of bonds worth 10.000 billion VND.
The Ho Chi Minh City People's Court will hold the first-instance trial of 86 defendants in the Van Thinh Phat case from March 5th to April 29th.
The Ho Chi Minh City People's Court anticipated the large volume of documents in the Van Thinh Phat case, so it allocated a separate room to store 104 boxes of files and installed a fire protection system and cameras for security.
Ho Chi Minh City Party Secretary Nguyen Van Nen requested that the cases involving Van Thinh Phat Group, SCB Bank, and related units and organizations be brought to trial soon.
Through various criminal methods, Lan and her accomplices caused chaos and disruption at SCB, aiming to seize control of all of the bank's operations.
According to the Chief Prosecutor of the Supreme People's Procuratorate, regarding the Van Thinh Phat case, the authorities have initiated legal proceedings in three separate cases, and the first phase of investigation for one case has already been concluded.
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