When manipulating banking operations, Chairwoman of the Board of Directors of Van Thinh Phat Group Truong My Lan received help from 3 foreigners, as stated by the Investigation Police Agency (C03 – under the Public Security Ministry).

Police said they recommend that inspectors at the State Bank of Vietnam (SBV) be charged with accepting bribes of up to US$5.2 million from Saigon Joint Stock Commercial Bank (SCB).

In August 2017, the State Bank of Vietnam’s inter-agency inspection team was established to audit the Saigon Joint Stock Commercial Bank (SCB), encompassing its main headquarters and 12 branches.

Truong My Lan, chairwoman of Van Thinh Phat Group, has been accused of orchestrating Saigon Commercial Bank’s (SCB) operations so as to embezzle US$12.36 billion equivalent from the privately-held bank.