Artificial CONTRACTS
A version of the prosecution, which was reportedly cited by media reports, claimed that the 67-year-old magnate had instructed her accomplices to withdraw money and get it out of SCB’s system.
The money was therefore hidden and used to settle business debts or be transferred abroad for fictitious agreements.
According to reports, Lan’s vehicle transported the equivalent of more than US$ 4.4 billion in cash from SCB’s Ho Chi Minh City to her home and to Van Thinh Phat’s head company.
Between October 2012 and October 2022, Lan received more than US$ 3 billion from globally, according to the information, and a total of US$ 1.5 billion was transferred to foreign nations.
No specifics were known about the nations where the funds had been transferred.
In the prior situation, Lan was found guilty of embezzling US$ 12.5 billion, and was given the death penalty.
She is contesting that decision, but no date has been set for the hearing.
According to the prosecution, the full damage resulting from that con amounted to US$ 27 billion, or 6 % of Vietnam’s gross domestic product in 2023.
Vietnam’s socialist leaders have intensified an anti-corruption battle that swept through the group, police, armed forces and firm area.
In the South Asian nation’s “blazing furnace” crackdown on graft has resulted in the arrest of thousands of people, including top business leaders and top officials.