Truong My Lan, chairwoman of Van Thinh Phat, seen at the People’s Court in Ho Chi Minh City on March 19, 2024. Photo by VnExpress/Thanh Tung
Prosecutors proposed the death penalty against Truong My Lan, chairwoman of Van Thinh Phat, for committing serious crimes over a long period of time and causing irrevocable consequences.
Prosecutors said Lan committed serious crimes repeatedly over a long period of time, using sophisticated methods and in an organized manner. She did not show sincerity during the trial and blamed her subordinates.
They recommended 19 to 20 years in prison for corruption, 19 to 20 years in prison for violating banking regulations and death for embezzlement. The combined punishment recommended against her is death.
Several former executives of Saigon Commercial Bank, including presidents Dinh Van Thanh and Bui Anh Dung and CEO Vo Tan Hoang Van, are sentenced to life in prison.
Prosecutors said they actively helped Lan steal a large sum of money. Although they repented in court and made up for part of the losses, they also committed crimes over a long period of time and caused serious consequences.
Prosecutors therefore recommended life imprisonment for embezzlement and violation of banking regulations.
Prosecutors have recommended life in prison for Do Thi Nhan, former chief banking inspector of the State Bank of Vietnam (SBV), for receiving $5.2 million in bribes. Nhan had submitted all the money to the police during the investigation.
They proposed a sentence of 14 to 15 years in prison for Nguyen Van Hung, deputy chief inspector of the SBV, for ordering the inspection team to conceal wrongdoing by the SCB and for receiving bribes. de-wine. He had handed over to the police the $390,000 he had received from the bank’s executives.
From 2012 to 2022, Lan Group has provided more than 2,500 loans to SCB with a total disbursement of more than VND1 quadrillion ($44 billion), accounting for 93% of the total credit issued by the bank.
She is accused of causing a loss of 498,000 billion dong to the bank after deducting the value of the guarantees.
