The appellate court lowered Lan’s sentence for fraud from life to 20 years in prison, while maintaining her sentences for money laundering and illegal cross-border money transfers. However, as the death penalty issued in the first phase has already taken legal effect, Lan is still subject to the death sentence.
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).
The appeal court for the first phase of the case involving property developer Van Thinh Phat Group and Saigon Joint Stock Commercial Bank (SCB) kept the death sentence for Truong My Lan, former Chairwoman of the group, unchanged on December 3.
Procurators recommended maintaining the death sentence for Truong My Lan, former Chairwoman of Van Thinh Phat Group, for involving in an embezzlement case at Saigon Commercial Bank (SCB) at the appellate trial in Ho Chi Minh City on November 15.
The High People’s Court in Ho Chi Minh City on November 4 opened the appellate trial for the case involving property developer Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB).
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).
The Investigation Police Department for Corruption, Smuggling and Economic Crimes (C03) under the Ministry of Public Security has recommended prosecuting convicted property tycoon Truong My Lan and 33 others for fraudulent appropriation of assets, money laundering and illegal cross-border currency trafficking, the ministry released on June 5.
Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, on April 26 filed an appeal against the entire first-instance verdict in the case that occurred at Van Thinh Phat Group JSC, Saigon Commercial Bank (SCB) and relevant companies, units and organisations.
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 Supreme People's Procuracy has issued an indictment against Truong My Lan, chairwoman of property developer Van Thinh Phat Group, and 85 others in a case that occurred at Van Thinh Phat Group, Saigon Commercial Joint Stock Bank (SCB) and other relevant units and organisations.
