The “quickest way” to recover the stolen funds may be “liquidation SCB, and buy our assets to recover SBV and the people,” Lan, who founded the real estate development team Van Thinh Phat, told the court in Ho Chi Minh City.
Last week, Lan stated that she felt “very embarrassed to become charged with this offense” and that she felt” the misuse of federal assets.”
Lan, who initially owned only 5 % of SCB stocks, claimed at trial that she actually controlled more than 90 % through family, friends, and employees.
Without revealing how many, the State Bank claimed in April that it had pumped money into SCB to stabilize it.
A shopping store, a harbor, and opulent housing developments are among the assets Lan and Van Thinh Lil individual.
During her first test in April, Lan was found guilty of embezzling US$ 12.5 billion, but prosecutors said the overall damages caused by the hoax amounted to US$ 27 billion- equal to approximately 6 per share of the country’s 2023 GDP.
As part of a nationwide crackdown on corruption, known as the “burning oven,” which has swept up many officials and users of Vietnam’s business wealthy, Lan and dozens of defendants, including top central bank officials, were detained.
At the hearing, 47 additional accused in complete have requested shorter sentences.
In a distinct event, Lan was found guilty of money laundering and sentenced to life in prison next month.