Truong My Lan ordered to pay 7.463 trillion VND in new case

Vietnamese authorities have issued a supplementary investigation conclusion regarding a case involving BMC Construction Materials and Trading Co., Ltd., Saigon Commercial Bank (SCB), and related entities. While Truong My Lan, the former Chairwoman of Van Thinh Phat Group, is currently serving a life sentence for a previous case, she will not face new criminal charges in this specific matter. However, she is required to pay 7.463 trillion VND to remediate losses at SCB.

The Ministry of Public Security has proposed the prosecution of 27 defendants on charges including violating banking regulations, embezzlement, and bribery. The investigation found that in 2010, executives from BMC sought assistance from Lan and Nguyen Thi Thu Suong, former Chairwoman of SCB, to secure financing. To bypass lending limits, officials allegedly used shell companies and falsified asset contracts to secure loans exceeding 4 trillion VND from Tin Nghia Bank and SCB.