VietNamNet 's source confirmed that as of February 22, the Judicial Support Police force had completed the process of transferring Ms. Truong My Lan (Chairwoman of Van Thinh Phat Group) and 80 other defendants from detention camps in the northern provinces to Ho Chi Minh City.

This is to prepare for the trial of the People's Court of Ho Chi Minh City taking place in early March .

Accordingly, Ms. Truong My Lan and 85 defendants (except 5 defendants who are wanted) in the case were prosecuted for the crimes of "Embezzlement of property", "Giving bribes", "Receiving bribes", "Violating regulations on lending in the activities of credit institutions", "Abusing positions and powers while performing official duties", "Lack of responsibility causing serious consequences" and "Abuse of trust to appropriate property".

Since being prosecuted, the defendants in the above case have been detained at detention camps of the Ministry of Public Security, the Ministry of National Defense and the police of northern provinces and cities.

As reported, the Ho Chi Minh City People's Court is scheduled to open the first instance trial of the case on March 5. The trial will last from March 5 to April 29.

Attending the trial were 10 prosecutors from the Supreme People's Procuracy and the Ho Chi Minh City People's Procuracy. Nearly 200 lawyers defended the legal rights and interests of 86 defendants in the case.

In addition, the court also decided to summon 2,404 people with related rights and obligations, including legal entities that borrowed and received money at Saigon Commercial Joint Stock Bank (SCB), individuals at the State Bank; individuals whose names are companies, borrowers, and mortgaged assets at SCB, who made deposits and withdrawals; individuals belonging to the SCB bank staff group and other people with related rights and obligations.

At the same time, the People's Court also issued a notice calling on the five defendants, former leaders of SCB Bank, who are wanted in connection with the case, to surrender soon to enjoy leniency under the law.

The five wanted people include: Dinh Van Thanh (former Chairman of the Board of Directors), Chiem Minh Dung (former Deputy General Director), Tram Thich Ton (member of the Board of Directors), Nguyen Thi Thu Suong (former Chairman of the Board of Directors), Nguyen Lam Anh Vu (former Deputy Director of Ben Thanh Branch).

In this case, defendant Truong My Lan has 5 lawyers to protect her legal rights and interests.

Ms. Lan was prosecuted for three crimes: "Embezzlement of property", "Violation of regulations on banking activities" and "Bribery". At the same time, Ms. Lan is also a victim in the case of Nguyen Cao Tri (Chairman of the Board of Directors of Capella Group Corporation) for "Abuse of trust to appropriate property".

According to the indictment, from 2012 to October 2022, Ms. Truong My Lan acquired and practically held almost all of SCB's shares (from 85-91.5% of shares), thereby becoming a "powerful" shareholder. Ms. Lan manipulated all of SCB's operations to serve various personal purposes.

Ms. Truong My Lan and many accomplices carried out a series of acts including: Selecting and arranging her trusted personnel to key positions at SCB; Establishing a number of units under SCB specializing in lending and disbursing according to Ms. Lan's requests; Establishing and using thousands of "ghost" companies, hiring many individuals; colluding with individuals who are leaders of many related businesses to commit crimes.

At the same time, Ms. Lan and her accomplices also colluded with many valuation companies to inflate the value of collateral; created a large number of fake loan applications to withdraw money from SCB; created plans to withdraw money, "cut off" the cash flow after disbursement....

The accusation is that from January 1, 2012 to October 7, 2022, the Chairman of Van Thinh Phat Group created a large number of fake loan applications to withdraw exceptionally large sums of money.

Specifically, from January 1, 2012 to December 31, 2017, Ms. Truong My Lan directed the creation of 368 fake loan applications to withdraw money from SCB bank for various purposes. As of October 17, 2022, the outstanding debt was VND 132,247 billion, with no possibility of recovery.

Ms. Truong My Lan's actions caused losses to SCB bank of more than 64,621 billion VND.

From February 9, 2018 to October 7, 2022, Ms. Truong My Lan directed the creation of 916 fake loan applications, appropriating more than VND 304,096 billion from SCB bank, causing a loss of more than VND 129,372 billion.