VKS Proposes Sentences for Truong My Lan and 85 Defendants in the Van Thinh Phat Case

The Prosecutor of the Supreme People’s Procuracy of Ho Chi Minh City has proposed a sentence of 20 years in prison for Truong My Lan, Chairman of the Board of Directors of Van Thinh Phat Corporation. Lan has been charged with bribery, violating banking regulations, and embezzlement. The total cumulative sentence proposed is death by execution.

Other Defendants and Their Proposed Sentences

Embezzlement and Violation of Banking Regulations

1. Dinh Van Thanh, former Chairman of the Board of Directors of Saigon Commercial Bank (fugitive): Life imprisonment
2. Bui Anh Dung, former Chairman of the Board of Directors of Saigon Commercial Bank: Life imprisonment
3. Ta Chieu Trung, CEO of Viet Vinh Phu Financial Company, former Board Member of Saigon Commercial Bank: 22-24 years in prison
4. Vo Tan Hoang Van, former CEO of Saigon Commercial Bank: Life imprisonment

Embezzlement

1. Truong Khanh Hoang, former CEO of Saigon Commercial Bank: 19-20 years in prison
2. Tran Thi My Dung, former Deputy CEO of Saigon Commercial Bank: 19-20 years in prison
3. Ho Buu Phuong, former Chairman of the Board of Directors of Tan Viet Securities Company, former Deputy CFO of Van Thinh Phat Corporation: 19-20 years in prison
4. Nguyen Phuong Anh, Deputy CEO of Saigon Peninsula Company: 19-20 years in prison
5. Dang Phuong Hoai Tam, Deputy Head of Office of the Board of Directors of Van Thinh Phat Corporation: 19-20 years in prison
6. Truong Hue Van, CEO of Windsor Real Estate Management Group: 19-20 years in prison
7. Duong Tan Truoc, CEO of Tuong Viet Trading and Production Company: 15-16 years in prison

Bribery

Do Thi Nhan, former Director General of the Inspectorate Department II under the State Bank of Vietnam: Life imprisonment

Violation of Banking Regulations

1. Nguyen Thi Thu Suong, former Chairman of the Board of Directors of Saigon Commercial Bank (fugitive): 16-17 years in prison
2. Uong Van Ngoc An, former CEO and Deputy Chairman of the Board of Directors of Saigon Commercial Bank: 3 years probation
3. Chiem Minh Dung, former Deputy CEO of Saigon Commercial Bank (fugitive): 16-17 years in prison
4. Nguyen Van Thanh Hai, former Deputy Chairman of the Board of Directors of Saigon Commercial Bank: 15-16 years in prison
5. Nguyen Thi Phuong Loan, Board Member of Saigon Commercial Bank: 3 years probation
6. Vo Thanh Hung, former Board Member of Saigon Commercial Bank: 3 years probation
7. Tram Thich Ton, Board Member of Saigon Commercial Bank (fugitive): 15-16 years in prison
8. Tran Thuan Hoa, Board Member of Saigon Commercial Bank: 4-5 years in prison
9. Le Khanh Hien, former CEO of Saigon Commercial Bank: 6-7 years in prison
10. Hoang Minh Hoan, former Deputy CEO of Saigon Commercial Bank: 3 years probation
11. Bui Nhan, former Deputy CEO of Saigon Commercial Bank: 11-12 years in prison
12. Diep Bao Chau, former Deputy CEO of Saigon Commercial Bank: 10-11 years in prison
13. Pham Van Phi, former Deputy CEO of Saigon Commercial Bank: 7-8 years in prison
14. Nguyen Anh Phuoc, former Deputy CEO of Saigon Commercial Bank: 3 years probation
15. Nguyen Cuu Tinh, former Deputy CEO of Saigon Commercial Bank: 11-12 years in prison
16. Do Phu Huy, former Chairman of the Business and Investment Committee of Saigon Commercial Bank: 15-16 years in prison
17. Vo Van Tuong, former Director of the Reconsideration Department of Saigon Commercial Bank: 4-5 years in prison
18. Khong Minh The, former Deputy Director of Credit Approval Block of Saigon Commercial Bank: 6-7 years in prison
19. Tran Hoang Giang, former Deputy Director of Credit Approval Block of Saigon Commercial Bank: 4-5 years in prison
20. Tu Van Tuan, Deputy Director of Enterprise Block of Saigon Commercial Bank: 11-12 years in prison
21. Pham Manh Cuong, former Director of the Reconsideration Department of Saigon Commercial Bank: 3 years probation
22. Nguyen Huynh Lan Chi, former Head of the Reconsideration Department of Saigon Commercial Bank: 3 years probation
23. Mai Hong Chin, former Director of the Reconsideration Department of Saigon Commercial Bank: 9-10 years in prison
24. Mai Van Sau Nho, former Head of the Reconsideration Department of Saigon Commercial Bank: 11-12 years in prison
25. Luong Thi Hong Que, former Director of Approval Department for Corporate Credit Customers of Saigon Commercial Bank: 3-4 years in prison
26. Le Anh Phuong, former Director of Saigon Branch of Saigon Commercial Bank: 8-9 years in prison
27. Phan Tan Khoi, former Director of Dong Sai Gon Branch of Saigon Commercial Bank: 6-7 years in prison
28. Luu Chan Nguyen, former Director of Bay Hien Transaction Office of Saigon Commercial Bank: 3 years probation
29. Ho Bao Ngoc, former Director of Zone 2 of Saigon Commercial Bank: 5-6 years in prison
30. Nguyen Anh Thep, former Deputy CEO of Saigon Commercial Bank- Cong Quynh Branch, former CEO of Saigon Commercial Bank- Saigon Branch: 5-6 years in prison
31. Vo Trieu Lan, former Director of Cho Lon Branch of Saigon Commercial Bank: 5-6 years in prison
32. Nguyen Ngoc Tu, former Deputy Director of Saigon Commercial Bank- Cong Quynh Branch: 3-4 years in prison
33. Nguyen Lam Anh Vu, former Deputy Director of Saigon Commercial Bank- Ben Thanh Branch (fugitive): 12-13 years in prison
34. Pham The Quang, former Deputy Director of Saigon Commercial Bank- Ben Thanh Branch: 3-4 years in prison
35. Huynh Thien Van, Business Development Director of Saigon Commercial Bank: 3-4 years in prison
36. Bui Duc Khoa, Deputy CEO of Natural Land Corporation: 10-11 years in prison
37. Nguyen Thanh Khanh Van, former employee of Natural Land Corporation: 5-6 years in prison
38. Tran Thi Kim Chi, former employee of Natural Land Corporation: 6-7 years in prison
39. Nguyen Phi Long, finance employee of Van Thinh Phat Corporation: 8-9 years in prison
40. Dang Quang Nguyen, former Deputy CEO of Lavifood Corporation: 5-6 years in prison
41. Chu Lap Co (Chu Nap Kee Eric, Hong Kong – husband of Truong My Lan), Chairman of the Board of Directors of Times Square Investment Corporation: 11-12 years in prison
42. Cao Viet Dung, Chairman of the Board of Directors of Tuong Viet Trading and Production Company: 4-5 years in prison
43. Nguyen Thanh Tung, Chairman of the Board of Directors of Dong Phuong Petroleum Company: 6-7 years in prison
44. Dao Chi Kien, Deputy CEO of Dong Phuong Petroleum Company: 4-5 years in prison
45. Le Van Chanh, Director of Business Support Division of Saigon Commercial Bank: 3-4 years in prison
46. Bui Ngoc Son, Deputy Director of Reconsideration Department of Saigon Commercial Bank: 4-5 years in prison
47. Le Huy Khanh, Director of Tam Nhin Moi Valuation Company: 4-5 years in prison
48. Ho Binh Minh, Deputy Director of MHD Valuation Company: 5-6 years in prison
49. Tran Thi Kim Ngan, CEO of Thien Phu Valuation Company: 3 years probation
50. Tran Tuan Hai, valuation employee of Thien Phu Valuation Company: 3-4 years in prison
51. Tran Van Nhi, Deputy Director of ATC Audit and Valuation Joint Stock Company: 4-5 years in prison
52. Do Xuan Nam, Deputy CEO of DATC Real Estate Consulting and Services Joint Stock Company: 3 years probation
53. Le Kieu Trang, Deputy CEO of EXIM Valuation Company: 3 years probation
    

Serious Consequences Due to Serious Negligence

1. Pham Thu Phong, former Head of the Control Committee of Saigon Commercial Bank: 3 years probation
2. Luu Quoc Thang, former Head of the Control Committee of Saigon Commercial Bank: 3 years probation
3. Nguyen Van Du, former Chief Inspector of the State Bank of Vietnam in charge of Banking Supervision: 3-4 years in prison

Abuse of Position and Authority in Performance of Official Duties

1. Nguyen Van Hung, former Deputy Chief Inspector in charge of Banking Supervision under the State Bank of Vietnam, accepting $390,000 from Truong My Lan: 14-15 years in prison
2. Nguyen Thi Phung, Deputy Director of the Inspectorate Department II: 4-5 years in prison
3. Bui Tuan Khoa, Deputy Director of the Inspectorate Department II: 3-4 years in prison
4. Vuong Do Anh Tuan, Head of the Inspection Department under the Inspectorate Department II: 3 years probation
5. Tran Van Tuan, Inspector of the Inspection and Settlement of Complaints and Denunciations Department, Internal Affairs and Economic Block (under the Government Inspectorate): 3-4 years in prison
6. Le Thanh Ha, Deputy Chief Inspector of the State Audit, former Director of Bank Audit Department 1, specialized sector VII of the State Audit: 3-4 years in prison
7. Nguyen Van Thuy, former Deputy Head of the General Supervision Board, State Financial Supervision Committee: 3-4 years in prison
8. Nguyen Tuan Anh, former official of the Inspection and Supervision Department for Domestic Credit Institutions (under the Banking Supervision Department, State Bank of Vietnam): 3-4 years in prison
9. Vu Khanh Linh, Deputy Director of the Banking Supervision Office of the State Bank of Vietnam Ho Chi Minh City Branch: 3 years probation
10. Truong Viet Hung, Inspector of the Inspection and Settlement of Complaints and Denunciations Department, Internal Affairs and Economic Block (under the Government Inspectorate): 3-4 years in prison
11. Nguyen Duy Phuong, Inspector of the Inspection and Settlement of Complaints and Denunciations Department, Internal Affairs and Economic Block: 3-4 years in prison
12. Nguyen Van Dung, Deputy Director of the State Bank of Vietnam Ho Chi Minh City Branch: 11-12 years in prison
13. Nguyen Thi Phi Loan, former Deputy Chief Inspector in charge of the Inspectorate Department, Banking Supervision Centre of the State Bank of Vietnam Ho Chi Minh City Branch: 6-7 years in prison
14. Phan Tan Trung, Deputy Chief Inspector of the Banking Supervision Department, State Bank of Vietnam Ho Chi Minh City Branch: 7-8 years in prison
15. Vo Van Thuan, Deputy Chief Inspector of the Banking Supervision Department, State Bank of Vietnam Ho Chi Minh City Branch: 7-8 years in prison
16. Nguyen Tin, former Deputy Head of the Administrative Inspection and Settlement of Complaints and Denunciations and Anti-Corruption Department, Banking Supervision Centre of the State Bank of Vietnam Ho Chi Minh City Branch: 5-6 years in prison

Nguyen Cao Tri, Chairman of Van Lang Company and Capella Company, has been proposed a sentence of 10-11 years in prison for misuse of trust and misappropriation of property.

This information is sourced from Business Today.