The Trial Panel (TAC) consists of 5 members: 2 judges, 3 people's assessors, chaired by Judge Nguyen Xuan Van (Chief of the Criminal Court, Hanoi People's Court). Three prosecutors from the Supreme People's Procuracy and two prosecutors from the Hanoi People's Procuracy were assigned to exercise the right to prosecute at the trial.
In this case, 15 defendants include: 10 defendants from Tan Hoang Minh Company, namely Do Anh Dung (Chairman of the Board of Directors, General Director of the Company), Do Hoang Viet (son of defendant Dung, Deputy General Director of the Company), Le Van Thinh (Deputy General Director), Tran Hong Son (Deputy General Director), Nguyen Khoa Duc (Assistant to Deputy General Director of Tan Hoang Minh Company, Director of Winter Palace Joint Stock Company), Phung The Tinh (former Director of the Finance - Accounting Center, concurrently Director of the Finance - Accounting Department), Hoang Quyet Chien (acting Deputy Director of the Finance - Accounting Center, concurrently Director of the Finance - Accounting Department), Le Thi Mai (former Deputy Director of the Capital Resources Department), Vu Le Van Anh (Deputy Director of the Capital Resources Department), Nguyen Van Khan (Deputy Head of the Budget Department of the Finance - Accounting Center), and 5 other defendants including: Nguyen Manh Hung (Chairman of the Board of Directors of Ngoi Sao Viet Real Estate Investment Limited Liability Company), Bui Thi Ngoc Lan (former Director of the Finance - Accounting Department). Director of Nam Viet Financial Consulting and Accounting Services Company Limited, Northern Branch), Le Van Do (General Director of Hanoi Auditing and Accounting Company Limited), Nguyen Thi Hai (former Deputy General Director of Hanoi CPA Company), Phan Anh Hung (former Deputy Director of Hanoi CPA Company, Saigon Branch) were prosecuted by the Supreme People's Procuracy for the crime of "Fraudulent appropriation of property" as prescribed in Article 174, Clause 4, Point a, Penal Code.
Of the 15 defendants, 7 were released on bail and 8 were detained. About 30 lawyers participated in protecting the defendants' legal rights and interests.
In relation to the case, the panel of judges summoned 6,630 victims who are investors, nearly 100 individuals and representatives of organizations with related rights and obligations. At the trial, more than 1,000 victims and people with related rights and obligations attended the trial.
At the trial, the representative of the Procuracy said that those absent for a reason had given testimony in the case file, and their absence did not affect the trial process.
As for those who were absent without reason, because the trial lasted for many days, the Procuracy requested the Panel of Judges to take procedural measures to ensure that these people were present when necessary. Therefore, the representative of the Procuracy requested the Panel of Judges to continue the trial.
According to the indictment announced at the trial, due to financial difficulties, in order to have money to maintain the working apparatus, business operations, investments, and pay debts of Tan Hoang Minh Group, from June 2021 to March 2022, Do Anh Dung agreed on the policy and through Do Hoang Viet directed and authorized the defendants under his authority to use the legal entities of 3 companies (Ngoi Sao Viet, Soleil, Cung Cung Mua Dong) to issue 9 separate corporate bond packages, with a total issuance value of 10,030 billion VND to raise money for Tan Hoang Minh Group.
In order to issue bonds, the defendants colluded in many fraudulent acts and tricks, legalizing conditions, issuance documents, offering procedures, bond transactions, falsifying business activities by signing non-existent investment cooperation contracts, deposits, share sales... between companies within the Group; colluding with defendants from auditing units, legalizing the financial statements of the 3 issuing companies, giving full acceptance opinions to legalize these companies as qualified to issue bonds; signing "fake" contracts to transfer bonds, running "fake" cash flows showing that Tan Hoang Minh Company paid for bond purchases and cash flows from the 3 issuing companies according to investment cooperation contracts; creating "virtual" values for bond packages, using assets of the "fake" investment cooperation contracts as collateral for bonds...
Among the defendants, defendant Do Anh Dung was identified by the Procuracy as the person who operates, directs, and makes the highest decisions regarding economic activities at Tan Hoang Minh Company and the system of companies under Tan Hoang Minh Group. Dung directed his son, Do Hoang Viet, Deputy General Director in charge of finance, to find capital sources to maintain the Group's business and investment activities through the issuance of individual bonds to raise capital. Defendant Dung also agreed and approved the implementation of the following contents: Selecting a company under Tan Hoang Minh Group to issue, expected issuance value, collateral, interest rate, using Tan Hoang Minh Company to buy primary bonds to gain prestige and the Tan Hoang Minh brand to sell bonds to investors...
The indictment alleges that the defendants appropriated a total of more than VND8,643 billion from 6,630 investors through the issuance of 9 bond packages. This amount was used for various purposes, not for the purpose of the bond issuance./.
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