The Investigation Police Agency has forwarded the file of the case of stock market manipulation related to the FLC Group Joint Stock Company to the Supreme People's Procuracy, recommending the prosecution of 51 defendants in the case.

The trial of Truong My Lan, chairwoman of property developer Van Thinh Phat accused of bribery, violating bank regulations and embezzlement at the Saigon Commercial Joint Stock Bank (SCB) will begin on March 5 at HCM City People’s Court.

Nguyen Van Nen, secretary of the city Party Committee, said it is important to also complete the trial of Truong My Lan this year since the case has caused public anger.

As of this morning, 38 defendants were present at the trial for their criminal offenses in the Covid-19 test kit case at Viet A Company.

The police are scouring the country for over 42,000 victims of a massive bond fraud thought to involve VNĐ30 trillion (US$1.24 billion) by property developer Vạn Thịnh Phát.

In addition to a tax debt of VND1.5 trillion, Xuyen Viet Oil still owes VND5.5 trillion to four banks.

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.