van thinh phat scandal

Update news van thinh phat scandal

Vietnam bank auctions $47 million factory tied to Truong My Lan

A major agricultural processing factory in Tay Ninh connected to the Van Thinh Phat case is set to go under the hammer as banks continue efforts to recover debts.

Authorities auction luxury vehicles seized from Truong My Lan

Civil enforcement authorities in Ho Chi Minh City have announced plans to auction three luxury vehicles linked to convicted businesswoman Truong My Lan, chairwoman of Van Thinh Phat Group, later this month.`

Truong My Lan’s rare Hermès bags to go under the hammer

The Ho Chi Minh City Civil Judgment Enforcement Department has announced an auction for two rare white Hermès handbags previously owned by Truong My Lan.

Luxury cars tied to Truong My Lan set for auction in Ho Chi Minh City

The Ho Chi Minh City Civil Judgment Enforcement Department has announced plans to select an auction organization to sell three luxury cars linked to convict Truong My Lan, 70, chairwoman of Van Thinh Phat Group, along with related companies.

Seized Hermès bags in Truong My Lan case set for valuation review

Authorities in Ho Chi Minh City have announced the official valuation of two white Hermès handbags belonging to Truong My Lan, placing their combined value at nearly VND4 billion (US$160,000).

Over $10 million paid to bondholders in eighth round of Van Thinh Phat case

On February 5, the HCM City Civil Judgment Enforcement Department announced it had completed the eighth round of payments to bondholders in the high-profile Van Thinh Phat case, involving businesswoman Truong My Lan and her associates.

Nearly 30% of Van Thinh Phat restitution paid as fourth payout begins

Ho Chi Minh City authorities continue enforcement in the Van Thinh Phat case, disbursing nearly USD 12.3 million to over 42,000 bondholders.

Over 41,000 bondholders paid in Van Thinh Phat case

Nearly USD 312 million has been disbursed, with another USD 47.5 million frozen in banks.

Vietnam abolishes death penalty for 8 crimes: Will Truong My Lan be spared?

A new law abolishing death sentences for select crimes may affect high-profile cases like Truong My Lan’s.

Over USD 17 million in Van Thinh Phat compensation awaits rightful claimants

Thousands have yet to collect their court-ordered payments as savings accounts hold the unclaimed funds.

Foreign firms back $10 billion SCB restructuring tied to Truong My Lan case

Van Thinh Phat-led investors pledge billions to fix SCB and repay massive fraud damages.

Truong My Lan proposes USD 3 billion recovery plan from prison

Foreign investors meet with convicted businesswoman to aid SCB’s restructuring.

Vietnam begins record compensation payout in Truong My Lan bond fraud case

Authorities have started compensating over 43,000 victims in one of Vietnam’s largest financial crime cases involving Truong My Lan.

Business tycoon on death row disputes state asset valuations

From detention, Truong My Lan requests a fair valuation of her assets, citing discrepancies that could increase state recovery.

Truong My Lan’s death sentence upheld, must pay $1.2M court fees

Despite a sentence reduction for fraud, Vietnam’s most high-profile financial criminal remains on death row.

Truong My Lan says foreign partners ready to help recover assets

Court hears final plea from Truong My Lan, who highlights support from international investors.

Vietnam forms task force to recover assets in Van Thinh Phat case

Vietnam has formed an inter-agency task force to enforce court rulings and recover assets in the massive Van Thinh Phat corruption case, led by Deputy Prime Minister Nguyen Hoa Binh.

Vietnamese prosecutors reject bid for Truong My Lan to aid SCB recovery

The prosecution rebuffed the defense’s proposal, noting SCB’s recovery plan is not subject to appeal trial review.

Where will Truong My Lan get $1.2B to repay victims?

Lawyer reveals three major financial sources - including frozen accounts and seized assets - available for restitution in SCB bond scandal.

Truong My Lan pleads for leniency after life sentence for fraud

Truong My Lan upholds her appeal and vows to take responsibility for over $1.17 billion (28 trillion VND) in damages.