At the ongoing appeal trial for the second phase of the high-profile case involving Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB, Truong My Lan is appealing the entire verdict, challenging her convictions for "fraudulent appropriation of assets" (embezzling nearly 30.08 trillion VND – from 35,824 secondary investors), "money laundering" (involving 445.75 trillion VND), and "illegal cross-border money transfers" (4.5 billion USD).
After nearly a month of trial, the Ho Chi Minh City People’s Court on October 17 announced its verdict in the second phase of the case involving property developer Van Thinh Phat Group and Saigon Joint Stock Commercial Bank (SCB).
Despite low interest rates, bank deposits have reached a new historic peak of 16 quadrillion VND (628.5 billion USD) as of the end of March, according to the latest data from the central bank.
Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, was sentenced to death at the first-instance trial in Ho Chi Minh City on April 11.
The Ho Chi Minh City People's Court on March 5 began the first-instance trial on a major case involving property developer Van Thinh Phat Group, Saigon Commercial Bank (SCB) and relevant units.
Chairman of VinGroup Pham Nhat Vuong is not in the list of people banned from traveling abroad, and the firm is operating normally, according to Lieut. Gen. To An Xo, Chief of the Office and Spokesperson of the Ministry of Public Security.
Vietnamese Ambassador to Japan Vu Hong Nam took receipt of two Eliciae MV20 ventilators manufactured by Japan’s Metran Co., Ltd at a ceremony in Tokyo on April 20.
