"Matrix" of businesses related to Van Thinh Phat and Truong My Lan's family

The Van Thinh Phat Group ecosystem has about 1,000 businesses including domestic and foreign subsidiaries and member companies. This group is divided into many layers, with hundreds of individuals hired as legal representatives or relatives, officers and employees of Van Thinh Phat Group.

The investigation agency also determined that Truong My Lan and her family members (daughter, granddaughter) own large shares in many enterprises such as Van Thinh Phat Group Joint Stock Company, Van Thinh Phat Investment Group Joint Stock Company or Viet Vinh Phu Financial Investment Joint Stock Company. In particular, Viet Vinh Phu Company also has 3 shareholders who are all nationals from the "tax haven" British Virgin Islands.

In addition, Truong My Lan also directed her subordinates to set up "ghost" companies to borrow money and withdraw money from SCB Bank. Her subordinates performed tasks including naming the company, finding and hiring people to establish the company in the roles of legal representative, shareholder, member of the LLC, finding the company's headquarters address, choosing a business line, etc.

Design: Thuy Tien

Source: https://dantri.com.vn/kinh-doanh/ma-tran-doanh-nghiep-lien-quan-van-thinh-phat-va-gia-dinh-truong-my-lan-20231120162636473.htm