On the followingnoon of February 14, a source from PV Newspaper SGGP said that Ms. Hua Thi Phan (born in 1947, living in Dong Thap province, is a former senior advisor of Trustbank’s Board of Directors and former Chairman of the Board of Directors of Phu Phu Investment and Development Joint Stock Company. USA) passed away on the followingnoon of February 13.
Mrs. Phan related to violations in many banks and was sentenced to 30 years in prison by the People’s Court. However, due to the loss of 93% of her health, Ms. Phan has not yet executed her sentence. Now, following many years in the hospital, Ms. Phan has passed away.
Previously, Ms. Phan was sentenced to 17 years in prison by the Hanoi People’s Court and the High People’s Court in Hanoi for the crime of “violating regulations on lending in the operation of credit institutions” in the case occurred at a bank. Ocean Commercial Joint Stock Company (OceanBank).
After that, Ms. Phan was sentenced to 20 years in prison by the People’s Court of Ho Chi Minh City for “abusing trust to appropriate property”, and 20 years in prison for “deliberately violating State regulations on economic management, causing negative consequences”. serious consequences”; Combined with the appellate judgment of the “great case” of OceanBank of 17 years in prison that the High People’s Court in Hanoi previously announced, Ms. Phan must serve a sentence of 30 years in prison. After that, Ms. Phan appealed but was not accepted.
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The defendants in the trial on November 22, 2019. Photo: MAI HOA |
By November 22, 2019, the People’s Court of Ho Chi Minh City Sentencing Ms. Phan to 20 years in prison in the case “Abuse of trust to appropriate property” occurred at Trustbank. In addition, 5 other accomplices of Ms. Phan were also sentenced to between 2 years in prison and 7 years in prison for the same crime.
According to the content of the case, Ms. Phan directed her subordinates and descendants to carry out the procedures for Trustbank to directly invest more than VND 901 billion in real estate projects invested by Ms. Phan’s companies and withdraw money. personal consumption, so far not able to repay. The results of the determination of the above projects have only been approved for locations, not yet approved for investment (Phu My Urban Area project, Phuoc Loc – Nha Be Housing Project…).
In addition, Ms. Phan also used the trick of using a legal entity established by herself to buy real estate and then directed Trustbank to buy it back at a higher price than it actually was (the actual value was just over VND 220 billion, while Trustbank bought it back with a price of just over VND 220 billion). more than 661 billion VND). Total loss of Trustbank in this case was determined to be 1,338 billion dong.