Chairman of the Board of Directors of Viet A Technologies JSC Phan Quoc Viet has been sentenced a total of 25 years in prison on charges of "abusing position and power while on duty" and “violating bidding regulations, causing serious damages”.

The Ministry of Public Security is currently investigating whether Truong My Lan, chairwoman of Van Thinh Phat Holdings Group Corporation, was involved in money laundering and embezzlement at Saigon Commercial Bank (SCB).

The Supreme People's Procuracy has issued an indictment against Truong My Lan, chairwoman of property developer Van Thinh Phat Group, and 85 others in a case that occurred at Van Thinh Phat Group, SCB and other relevant units and organisations.

The stock market experienced a volatile week when investigations released conclusions about the Van Thinh Phat and Tan Hoang Minh cases.

Do Hoang Viet, son of Do Anh Dung, Chairman of the Board of Directors of Tan Hoang Minh, is alleged to have suggested the issuance of bonds as a means to commence the misappropriation of trillions of Vietnamese dong from investors.

The $5.2 million bribe in Van Thinh Phat case is possibly the biggest ever cash bribe case. But the case is just ‘part of the iceberg’, as there are still ‘many parts underwater’.

When manipulating banking operations, Chairwoman of the Board of Directors of Van Thinh Phat Group Truong My Lan received help from 3 foreigners, as stated by the Investigation Police Agency (C03 – under the Public Security Ministry).

Do Anh Dung, chairman and general director of Tan Hoang Minh Group, has been officially charged in connection with an elaborate financial fraud scheme, purportedly involving the misappropriation of over VND8.6 trillion from 6,600 investors.

Police said they recommend that inspectors at the State Bank of Vietnam (SBV) be charged with accepting bribes of up to US$5.2 million from Saigon Joint Stock Commercial Bank (SCB).

In August 2017, the State Bank of Vietnam’s inter-agency inspection team was established to audit the Saigon Joint Stock Commercial Bank (SCB), encompassing its main headquarters and 12 branches.

Truong My Lan, chairwoman of Van Thinh Phat Group, has been accused of orchestrating Saigon Commercial Bank’s (SCB) operations so as to embezzle US$12.36 billion equivalent from the privately-held bank.

The authorities have commenced legal proceedings against an additional four suspects and modified the charges for one of the individuals involved in the case at Van Thinh Phat Group and relevant organizations and units.

Trinh Van Quyet, before being arrested for suspicion of stock market manipulation, became the richest Vietnamese businessperson after ROS shares rose from nearly zero to hundreds of thousands of dong per share.

The Police Investigation Agency under the Ministry of Public Security yesterday issued a decision to arrest 7 defendants in the case that occurred at Saigon Commercial Joint Stock Bank (SCB), Van Thinh Phat Group and other related companies.

An 87-year-old man came to the Binh Thanh District Police in HCM City last Monday morning to report a fraud related to bonds allegedly committed by one of Vietnam’s largest property developers.

The Hanoi People's Court opened a first-instance trial for Le Thanh Than, Chairman of Muong Thanh Group and General Director of Bemes Company who is accused of "deceiving customers".

Nguyen Cao Tri, former CEO of Saigon – Dai Ninh Tourism Investment Company, has been arrested for allegedly appropriating a staggering US$40 million from the chairwoman of property developer Van Thinh Phat.

Do Van Son, former chief accountant of the Advanced International Joint Stock Company (AIC Group), who has been wanted for further investigations into a medical equipment bidding scam, has turned himself in to police.

HCM City’s Mayor Phan Van Mai said at a meeting with voters in district 4 on June 28 that the socio-economic development of the city had been seriously affected by the bond market manipulation case related to SCB and Van Thinh Phat.

The HCM City People’s Court on Friday (May 19) rejected appeals of the chairman of Alibaba Company, leaving unchanged his sentence of life in prison for property fraud, causing more than 4,500 victims to lose over VNĐ2.4 trillion (US$103.3 million).