The appeal trial of the case of "super fraudster" Huynh Thi Huyen Nhu begins

Today (December 15), the Supreme People's Court in Ho Chi Minh City conducted an appeal trial of the case of "super fraudster" Huynh Thi Huyen Nhu and her accomplices.

Previously, identified as the mastermind, Huynh Thi Huyen Nhu was sentenced to life in prison by the Ho Chi Minh City People's Court for two crimes: "Fraudulent appropriation of property" and "Forgery of seals and documents of agencies and organizations".

Huynh Thi Huyen Nhu accepted the verdict and did not appeal the criminal charges, but only requested the court to consider the civil part of Villa H2 The Nam Hai Resort (in Hoi An, Quang Nam).

Huyen Nhu said that this villa worth 43 billion VND belongs to Ms. Nguyen Thi Lang - the defendant's mother. This billion-VND villa is currently being seized to serve the execution of the judgment.

In this appeal, the court will also consider the appeal to increase the sentence for two defendants: Vo Anh Tuan (Former Deputy Director of Vietinbank - Nha Be Branch) and Dao Thi Tuyet Dung (Former Director of Dung Van Company Limited).

Huynh Thi Huyen Nhu at the first instance trial

Previously, Vo Anh Tuan was sentenced by the court of first instance to 20 years in prison for fraud and appropriation of property. Dao Thi Tuyet Dung was sentenced to 10 years in prison for fraud and appropriation of property and 2 years in prison for loan sharking.

The Court of Appeal also considered the appeal to reduce the sentences of the defendants in this case on the charges of: Fraudulent appropriation of property, Abuse of position and power in performing official duties, and Usury.

In addition, the court also considered the appeals of people with related rights and obligations, the civil plaintiffs of this case.

According to the first instance verdict, as an employee of the Vietnam Joint Stock Commercial Bank for Industry and Trade - Ho Chi Minh City Branch since 2001, in addition to working here, Nhu also worked in real estate business. To have money for business, Nhu borrowed from friends, acquaintances and banks.

When the real estate market froze, by 2008, Nhu owed up to 200 billion VND.

To have money to pay off debts, Nhu borrowed money (sometimes up to thousands of billions of VND) and paid high interest rates to dozens of people, including Dao Thi Tuyet Dung, Nguyen Thi Lanh, Nguyen Thien Ly, Hung My Phuong, Pham Van Chi...

Although he borrowed a lot of money, he could not pay off all his debts, so Nhu thought of a way to borrow from companies, bank backyard companies and some banks in the form of capital mobilization or capital investment trust to appropriate.

To appropriate money from units, banks and individuals without being detected, Huyen Nhu took advantage of the names of Vietinbank Ho Chi Minh City Branch and Nha Be Branch, and at the same time devised many tricks to require units and individuals to open their payment accounts at the two branches above.

By forging seals and signatures of leaders and partners, Huyen Nhu and her accomplices appropriated nearly 4,000 billion VND.

The trial is expected to last until December 31./.

According to VOV