Series of 'huge' assets seized in Van Thinh Phat case: 4,250 billion VND and 27 million USD

The Civil Judgment Enforcement Agency (CEA) has just sent a document to the High People's Court in Ho Chi Minh City providing information on the receipt of evidence and the amount of compensation paid by the parties in the Van Thinh Phat case.

Accordingly, the exhibits and money transferred by the Investigation Police Agency (Ministry of Public Security) to the THADS Department include 2 phases.

Phase 1including: Share documents (23 share ownership books) with more than 2.34 billion shares; 1,307 land use right certificates; 34 savings books with an amount of more than 617 billion VND; other electronic devices including mobile phones, CPU hard drives, desktop computers, laptops...

Phase 2including: 79 land use right certificates; 3 term savings cards at Vietcombank with a total amount of 38.6 billion VND (of which 2 cards are under the name of Ms. Lan's daughter, Chu Duyet Hang, worth 31.9 billion VND, 1 card is under the name of Ms. Truong My Lan with an amount of 6.7 billion VND); 2 term savings cards at Vietcombank worth 2.5 billion VND under the name of To Thi Anh Dao; 1 savings book at Eximbank worth 10 billion VND under the name of Ngo Thi Thanh Nha.

Other exhibits include: 1 Hermes handbag, 8 laptops, 10 phones, 5 hard drives, 3 digital receivers...

In terms of cash, there are 1,786 billion VND and more than 26.6 million USD.

The amount of money paid by organizations and individuals to the THADS Department is estimated to be more than 2,464 billion VND and 400 thousand USD. Of which, the amount paid during the first instance trial is 390 billion VND; the amount paid after the first instance verdict is more than 2,073 billion VND and 400 thousand USD.

According to the THADS Department, the total amount of money currently held in the agency's account is more than 4,250 billion VND and 27 million USD (equivalent to 685 billion VND).

Ms. Truong My Lan asked to return some assets to her family.

Previously, on October 23, Ms. Truong My Lan submitted a petition to the Ho Chi Minh City Department of Civil Judgment Enforcement, requesting to proactively remedy the consequences of the case.

In the petition, Ms. Lan requested the Ho Chi Minh City Department of Civil Judgment Enforcement to prioritize the enforcement of the civil liability part of the first instance judgment, phase 2, with an amount of more than 30 trillion VND for the victim and those related to bond investment.

For 1,121 mortgaged asset codes at SCB Bank, Ms. Lan requested to re-evaluate them in accordance with the actual value at the time of asset handling, to ensure no loss and waste for individuals and the state.

For some assets that are not related to the case, not mortgaged, not seized, and assets lent by friends to sell to raise money to remedy the consequences (18% of shares at Vietcombank Tower Building, 65 assets mortgaged for debt repayment obligations currently held by SCB Bank), defendant Lan requested to allow her family to proactively seek partners and customers to continue developing or transferring, in order to create additional revenue to remedy the consequences.

Regarding assets that originated before 2012 and were acquired through business and savings of the family over the past 50 years, Ms. Lan requested the THADS Department to consider final execution. In case it is enough to remedy the consequences, Ms. Lan would like to release the seizure and keep the assets as a livelihood for her family.