Instances where Truong My Lan spent a fortune on her subordinates.

After a week of preliminary trial, defendant Truong My Lan (68 years old, Chairwoman of the Board of Directors of Van Thinh Phat Group) took a rather unexpected turn with the revelation that she was very "generous" in spending huge sums of money on subordinates and partners, ranging from tens of billions to thousands of billions of dong.

Defendant Truong My Lan

Specifically, defendant Truong Khanh Hoang (former acting General Director of Saigon Commercial Bank - SCB) assisted Truong My Lan in embezzling over 183,000 billion VND from SCB, and testified that Truong My Lan paid him a salary of 130-500 million VND per month. During holidays and Tet (Lunar New Year), Hoang also received bonuses multiple times, totaling approximately 5 billion VND.

By July 2022, Hoang also received 10 million SCB shares from Truong My Lan, equivalent to 100 billion VND at face value. Hoang transferred the awarded shares to his wife and parents-in-law under their names and requested to return all of these shares to mitigate the consequences.

For example, former SCB Chairman Bui Anh Dung, while working with defendant Truong My Lan, received a salary of 500 million VND per month. In addition to the salary, defendant Dung also received 500,000 shares from Truong My Lan, and at the end of 2020-2021, Truong My Lan awarded him a Tet bonus of 40 billion VND.

Besides defendant Bui Anh Dung, the other defendants who were close associates and held key positions at SCB, assisting defendant Truong My Lan in withdrawing money from SCB, were all paid salaries ranging from 200 to 500 million VND per month.

For example, defendant Pham Thu Phong (former Head of the Supervisory Board of SCB) after 11 years of work, felt "unwell" and her health was no longer suitable, so she requested to resign. After she resigned, Truong My Lan called her in for a discussion and then gave her 20 billion VND.

Defendant Duong Tan Truoc (former General Director of Tuong Viet Company), one of Truong My Lan's accomplices who assisted her in causing losses of over 4,700 billion VND to SCB, also testified that he received 1,500 billion VND from Truong My Lan as a reward for providing legal assistance and obtaining permits for Truong My Lan's two projects, Mui Den Do and Saigon Binh An.

Furthermore, to cover up SCB's wrongdoings, Truong My Lan aggressively directed former SCB leaders to bribe defendant Do Thi Nhan (former Director of the Banking Inspection and Supervision Department II, State Bank of Vietnam) with $5.2 million USD. In addition, defendant Lan also directed subordinates to pay most members of the State Bank of Vietnam's inspection and supervision team, with amounts ranging from 20 million VND to nearly 10 billion VND.

According to the court proceedings, during the one-week trial, the Ho Chi Minh City People's Court's panel of judges questioned 84 out of 86 defendants. Tomorrow (March 11), the panel of judges will question the remaining two defendants, Truong My Lan and Nguyen Cao Tri.

According to the indictment of the Supreme People's Procuratorate, Truong My Lan employed various schemes to embezzle over 304,000 billion VND in principal and over 129,000 billion VND in accrued interest from SCB; violated lending regulations, causing further losses to SCB of over 64,000 billion VND; and bribed defendant Do Thi Nhan with 5.2 million USD.

In this case, only defendant Nguyen Cao Tri (54 years old, Chairman of the Board of Directors of Van Lang Education Investment and Management Joint Stock Company, Chairman of the Board of Directors and General Director of Capella Company) was not an accomplice of Truong My Lan in causing damage to SCB. Defendant Tri was tried for attempting to embezzle 1,000 billion VND from defendant Lan after she was arrested.

Source link: https://thanhnien.vn/nhung-lan-truong-my-lan-chi-tien-khung-cho-thuoc-cap-185240310162551634.htm