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Van Thinh Phat CEO Truong Hue Van seen at People's Court of Ho Chi Minh City on April 11, 2024. Photo by VnExpress/Thanh Tung |
Van, 36, is guilty of helping Lan appropriate VND1.09 trillion from the Saigon Commercial Bank (SCB) and caused it losses of VND25 billion in interest.
Judges said that Van had complete trust in Lan and committed the crime under her direction. She had shown remorse during the trial.
She had received government commendations for helping the community in the Covid-19 pandemic and had urged her family to compensate for the losses caused.
Lan, 68, received the death sentence in the same trial. She is punished for three crimes: bribery, violating banking regulations and embezzlement.
Lan was the mastermind in the long-term scheme and committed elaborate and organized crimes, causing irrevocable consequences, judges said.
From 2012 to 2022 Lan and her accomplices obtained 2,500 loans and caused losses of VND677 trillion to SCB.
