FAKE CONTRACTS
Media reports quoted a copy of the indictment as saying the 67-year-old tycoon had ordered her accomplices to withdraw cash and transfer it out of SCB’s system.
She then hid the origins of the cash and used it to settle debts between companies or transferred the money abroad for fake contracts.
Lan’s driver transported the equivalent of more than US$4.4 billion in cash from SCB’s headquarters in Ho Chi Minh City to her nearby home and to Van Thinh Phat’s head office, the reports said.
A total of US$1.5 billion was transferred to foreign countries and Lan received more than US$3 billion from overseas between October 2012 and October 2022, the reports said.
No specific details were available about which countries the money had been transferred to and from.
Lan was given the death penalty in the previous case after being found guilty of embezzling US$12.5 billion.
She is appealing against that verdict but no date for the appeal has been announced.
Prosecutors said the total damages caused by that scam amounted to US$27 billion – a figure equivalent to six per cent of Vietnam’s gross domestic product in 2023.
Vietnam’s communist leaders have intensified an anti-corruption campaign that swept through the party, police, armed forces and business community.
Thousands of people – including top officials and senior business leaders – have been caught up in the Southeast Asian country’s “blazing furnace” crackdown on graft.
