Police propose to prosecute 34 defendants in phase 2 of Vạn Thịnh Phát case

June 06, 2024 - 09:49
A total of 34 defendants in the Vạn Thịnh Phát case have been proposed to prosecuted for three crimes including fraudulent to appropriate property, money laundering and illegal transporting currency across borders.
The defendants at the trial on March 25 this year. — VNA/VNS Photo Thanh Vũ

HÀ NỘI — A total of 34 defendants in the high-profile Vạn Thịnh Phát case have been proposed to prosecuted for three crimes including committing frauds to misappropriate property, money laundering and illegal transport of money across borders.

The announcement has been revealed by the Police Department for Corruption, Smuggling and Economic Crimes (often called C03) under the Ministry of Public Security.

The crimes were stipulated in Article 174, Article 324 and Article 189 of the Penal Code.

The C03 declared that, charged with responsibility of handling investigation on the case occurred at the Vạn Thịnh Phát Group, the Sài Gòn Commercial Joint Stock Bank (SCB) and related units, C03 now informed to the public that it has completed the inquiry on the criminal case.

With the end of the investigation, the C03 will also stop receiving documents about victims, who are bondholders of 25 bond packages related to the case.

Previously, on May 14 this year, the C03 issued the second notice to find victims involved in the 25 bond packages in the Vạn Thịnh Phát Group case.

Investigation, which stated that from 2018 to 2020, revealed some people at the Vạn Thịnh Phát Group, the An Đông Investment Group JSC, the Quang Thuận Investment JSC, the HCM City Commerce Service JSC, the Sunny World Investment and Development JSC and other organisations, have committed fraudulent acts.

They made five bond packages code: ADC-2018.09, ADC- 2018.09.1, ADC-2019.01, QT-2018.12.1, SNWCH1823001 and 20 codes from SET.H2025.01 to SET.H2025.20 with a total value of more than VNĐ30 trillion (US$1.17 billion) to sell to bondholders and then appropriate the money.

The C03 determined that the bondholders of the 25 bond codes issued by the above companies were victims of the case, and entrusted municipal/provincial economic police departments to receive information from the victims under their jurisdiction.

By last month, the CO3 received most of the documents from local departments, but in some cases, the victims either did not cooperate, relocated or failed to come to the police to report.

Therefore, the C03 requests the victims to provide related information, documents and contracts, or submit an application according to the form issued by the C03 to ensure their legal rights and interests.

If the victim does not come to work with the police before the end of the case investigation, the C03 will have no basis to handle their legal rights in this case. — VNS