Trusted, managing multiple companies
At the investigation agency ( Ministry of Public Security ), the defendant Truong Hue Van - General Director of VTP Group confessed: she is the niece of Ms. Truong My Lan, trusted by Ms. Lan, assigned to manage many different companies with business activities belonging to VTP Group. Those are VTP Group Investment Joint Stock Company, Windsor Real Estate Management Group Joint Stock Company, Lavifood Joint Stock Company, Tanifood Company, Saigon Galleria Joint Stock Company, Eurasia Concept Joint Stock Company...
Truong Hue Van - niece of Mrs. Truong My Lan (2nd from left)
During the operation of these companies, from 2021, Truong Hue Van was directed by Ms. Truong My Lan to establish new legal entities, using business plans related to the operations of Lavifood Joint Stock Company (fake plans for buying and selling agricultural products) to coordinate with SCB Bank to prepare loan applications to obtain money for various purposes of Ms. Truong My Lan and Truong Hue Van. Following Ms. Lan's instructions, Truong Hue Van directed Nguyen Phi Long and Dang Quang Nguyen to establish 52 new legal entities and coordinate with SCB Bank employees to prepare loan applications.
In addition, Truong Hue Van also directed employees at 4 companies with the above business activities to coordinate with SCB to prepare loan documents for use in business activities. However, the above companies were operating at a loss, so Truong Hue Van used money from other loans of other legal entities and individuals at SCB to repay these loans.
What did Truong Hue Van - granddaughter of Truong My Lan declare?
Established 52 "ghost" companies, created 155 fake loans...
According to the investigation agency, in 2021, Ms. Truong My Lan bought Lavifoood Joint Stock Company from Mr. Le Thanh and assigned Truong Hue Van to manage and operate through Nguyen Phi Long (General Director of Lavifoood Joint Stock Company). During the operation, Truong My Lan directed Van to use the legal entity of Lavifoood Joint Stock Company to borrow capital from SCB Bank for business purposes and to repay debts at other banks. In addition, Ms. Lan agreed and directed Van to establish "ghost" companies to obtain a business plan to buy and sell agricultural products with Lavifoood Joint Stock Company in order to create fake loan documents, create loans, and withdraw money from SCB for the purposes of Ms. Lan and Van.
In addition, during the operation of Saigon Galleria Joint Stock Company and Eurasia Concept Company, Van also directed subordinates to coordinate with SCB to prepare loan applications at SCB Bank to get money to pay for the activities of these companies, but when it was necessary to repay the debt, he did not use money from business activities but took money from loans of other companies and individuals created falsely at SCB Bank to repay SCB's debt.
Since 2020, Van has directed his subordinates to establish and use 52 "ghost" companies and 4 real companies (50 loans), creating 155 fake loans to withdraw money from SCB Bank. As of October 17, 2022, these 155 loans still have an outstanding debt of more than VND 2,834 billion (principal debt of more than VND 2,809 billion, interest of more than VND 25 billion).
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Through the statements of the defendants and related persons, C03 determined that Truong Hue Van assisted and accomplice Truong My Lan in committing the crime of "Embezzlement of property", jointly appropriating more than 1,088 billion VND, causing a debt loss of more than 25 billion VND.
Defendant Truong Hue Van confessed honestly, repented; actively cooperated with the investigation agency during the process of solving the case; was fully aware of his criminal behavior, voluntarily cooperated with his family to pay money to remedy the consequences of the case, so it is requested that his sentence be considered.
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