Trial of Tan Hoang Minh case: Chairman of Tan Hoang Minh proposed to be sentenced to 9-10 years in prison

On the afternoon of March 21, the first-instance trial of the case at Tan Hoang Minh Hotel Service Trading Company Limited (Tan Hoang Minh Company) moved to the debate stage. The representative of the Procuracy holding the right to prosecute at the trial presented the indictment and proposed sentences for the 15 defendants in the case.

The representative of the Procuracy proposed that the Trial Council sentence the 15 defendants for the crime of "Fraudulent appropriation of property" including: Do Anh Dung (Chairman of the Board of Directors, and General Director of Tan Hoang Minh Company) from 9 to 10 years in prison, Do Hoang Viet (son of Do Anh Dung, Deputy General Director of Tan Hoang Minh Company) from 5 to 6 years in prison. 8 defendants of Tan Hoang Minh Company are: Phung The Tinh (former Director of the Finance - Accounting Center, and Director of the Finance - Accounting Department) and Hoang Quyet Chien (acting Deputy Director of the Finance - Accounting Center, and Director of the Finance - Accounting Department) were both proposed to be sentenced to 4 to 5 years in prison; Le Thi Mai (former Deputy Director of the Capital Resources Department) and Vu Le Van Anh (Deputy Director of the Capital Resources Department) were both sentenced to 36 to 42 months in prison; Nguyen Van Khan (Deputy Head of the Budget Department of the Center for Finance and Accounting), Le Van Thinh (Deputy General Director), Tran Hong Son (Deputy General Director), Nguyen Khoa Duc (Assistant to the Deputy General Director of Tan Hoang Minh Company, Director of Winter Palace Joint Stock Company) were all proposed to be sentenced to 30 - 36 months in prison.

Defendant Do Anh Dung (Chairman of the Board of Directors and General Director of Tan Hoang Minh Company) testified in court. Photo: Pham Kien/VNA

Five other defendants, including Nguyen Manh Hung (Chairman of the Board of Directors of Ngoi Sao Viet Real Estate Investment Company Limited), Bui Thi Ngoc Lan (former 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) were all recommended to be sentenced to 30 - 36 months in prison; Phan Anh Hung (former Deputy Director of Hanoi CPA Company, Saigon Branch) and Nguyen Thi Hai (former Deputy General Director of Hanoi CPA Company) were all recommended to be sentenced to 24 - 30 months in prison.

The indictment stated: During the investigation, prosecution as well as at the trial, the defendants confessed honestly, confessed to all their crimes and all confessed: defendants Do Anh Dung and Do Hoang Viet, with the help and collusion of other defendants, carried out many fraudulent tricks to issue 9 illegal bond packages and then used the name of Tan Hoang Minh Group to make the victims trust and participate in buying bonds, then had an exceptionally large amount of money of 8,643 billion VND appropriated.

The representative of the Procuracy emphasized that the defendants' actions were dangerous to society, infringing on the citizens' legal property rights protected by law and the State. The defendants were people with full criminal capacity, professional expertise, and legal knowledge, but due to personal motives, they still intentionally committed the crime to appropriate an exceptionally large amount of VND 8,643 billion.

Tan Hoang Minh Group was determined by the prosecution agency to operate as a family company, in which Do Anh Dung was the Chairman of the Board of Members, General Director, and legal representative of Tan Hoang Minh Company. Defendant Dung was the person who operated, directed, and made the highest decisions regarding economic activities at Tan Hoang Minh Company and the system of companies under Tan Hoang Minh Group, with the role of directing all business activities of the Group. Under the direction of his father, Do Hoang Viet was appointed as Deputy General Director of Tan Hoang Minh Company, in charge of all financial activities of the Group, complying with the direction, being responsible and reporting to Do Anh Dung on all activities of the Group.

In connection with the case, 6,630 investors identified as victims were summoned to court. Photo: Pham Kien/VNA

In this case, the Procuracy assessed that defendant Do Anh Dung was the one who directed the entire issuance of 9 bond packages to illegally raise money for Tan Hoang Minh Group through defendant Do Hoang Viet, who acted as a consultant, implemented instructions, and actively assisted Do Anh Dung in appropriating an especially large amount of money from the victims. Therefore, the Procuracy considered it necessary to apply the highest level of imprisonment to Do Anh Dung compared to the other defendants; apply a lower level of imprisonment to Do Hoang Viet than defendant Dung to ensure differentiation in the criminal acts of the defendants.

The remaining defendants acted as accomplices and acted under the direction of Do Anh Dung and Do Hoang Viet. They were salaried employees who did not benefit from the appropriation of money from the victims. This group of accomplices was divided into groups with decreasing nature and severity of the crimes.

The representative of the Procuracy affirmed that the Supreme People's Procuracy's prosecution of 15 defendants in this case for the crime of "Fraudulent appropriation of property" as prescribed in Article 174, Clause 4, Point a - Penal Code is completely grounded, correct person, correct crime, correct law. However, when considering the level of punishment applied to the defendants, the Procuracy assessed additional aggravating and mitigating circumstances of criminal responsibility for the defendants, including considering the fact that the defendants have no criminal record, have confessed honestly, actively cooperated with the investigation agency, the families of some defendants have contributed to the revolution... In particular, the defendants have consciously compensated for the consequences, returned the entire amount of money to buy bonds from investors, thereby considering reducing the punishment for the defendants in the case.

According to VNA/Tin Tuc Newspaper

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