Preliminary

He does not want to know, but he does not want to know, and he does not want to know.

Zhang Merlan, the person who once whispered the rain in Vietnamese business world, was once a "business legend", and as a result, did not think of her corruption, was directly sentenced to death.

In order to survive, she actually offered to donate 55.4 billionIf you help the country make money, you will beg for your life. This abacus is too loud. The changes in life are really unexpected.

The final outcome is unexpected, isn't it all Deep torture of humanity and rulesIs it?

From starting point to high and low

Zhang Meilan, born in Saigon in 1956, was originally from Shantou, Guangdong, China. At that time, Saigon was full of excitement, and Zhang Meilan lived in such excitement in her childhood.

The previous days were bad, she and her mother in the old market in Saigon, guarding a small stand, she watched every day how her mother chatted with different customers, how according to what people want to introduce makeup.

Just looking at it like this, I slowly had the idea of doing business in my heart. Who would have thought that this little girl selling cosmetics would later cause waves in the Vietnamese financial market, nor did she expect that she would corruptionCorruption fell and became prisoners.

After Vietnam's reform and opening up in 1986, this undoubtedly brought a turning point for Zhang Meilan's fate.

Because of the reform, the market situation has changed, and countless opportunities are in front of everyone.

Zhang Merlan was born with a strong bone, and the opportunity was decided to get into the real estate industry full of opportunities at the time, although there were many variables and no speculative things at the time, but there were also few opportunities to make money.

With the courage to break the dry head and the preliminary judgment on the market, she managed to crash in this field and managed to win a barrel of gold for herself.

This pot of gold is not only the accumulation of wealth, but also an important starting point in her business career, giving her the capital and confidence to further develop the market.

Arrived 1992The year was the most meaningful year for Zhang Meilan. She established Wanshengfa Co., Ltd. In the early days of the company's establishment, the business scope was relatively wide, including trade, catering and hotel business.

In the trade area, she stared at the price difference at home and abroad, the colour of Vietnamese goods pushed out, the popular foreign goods pulled back, and earned money.

When doing catering and hotel business, she took into account people's requirements for pursuing high-quality food, drink and accommodation at that time, and put great effort into selecting and creating characteristics, making her catering and hotel famous locally, with a good reputation, and fixed funds.

Subsequently, it won a number of landmark projects in the renovation of the old city of Ho Chi Minh City. The successful development of these projects not only improved the appearance of the city, but also greatly enhanced the strength of Wanshengfa Co., Ltd.

Later, as the money earned increased, Zhang Merlan focused his eyes on more and more. Real estate with development potentialFields.

In the real estate field, Zhang Meilan has demonstrated excellent trading skills.

In 2004, the Windsor Hotel, which was built by her leadership, has luxurious facilities, excellent service and unique design. She personally participated in the selection and procurement of equipment, and everything strives to reach the top level.

For service, she is very strict, find a professional training team, conduct a systematic, comprehensive service training for employees to ensure that each customer can enjoy a caring, high-quality service experience.

After such an elaborate toss, the Windsor Hotel was rated as The five stars.The hotel, this is fine, she and Wendy had burned in Vietnam at once, the reputation and endurance have grown a lot, it is another great achievement in her business path.

In 2007, Zhang Meilan invested even more 6 billionVietnam Dong registered Wan Shengfa Group.

At that time, the WWE Group, the business covers real estate development, hotel operations, trade and other fields, the larger the scale.

At its peak, Wanshengfa Group became the top real estate enterprise in Vietnam and occupied a top position in the Vietnamese real estate market.

Zhang Merlan himself is also one of the wealthiest in Vietnam, and at this time she, in the eyes of everyone, she is a man. Accurately grasp the opportunity.It will be a business success after Vietnam’s reform and opening up. typical representative。

The trap of greed

In 2011, she led the merger of three small banks into Saigon Commercial Bank and has since regarded the fifth-largest bank in Vietnam as the “payout machine” of her home.

In order to circumvent the legal limitation of personal holdings of not more than 5%, she established 127 empty shell companies in the name of ordinary people such as drivers, cleaners, etc., a set of layers and layers, hiddenly controlling more than 91 percent of the shares of the bank.

In fact, these shell companies have no actual commercial activities, and the purpose of the loan is to transfer bank funds to the accounts of Zhang Meilan and his group.

In terms of wealth, she has no bottom line.

Between 2018 and 2022, Zhang Melan led the falsification of 916 loan documents, using this to scam the loan of 304 trillion Vietnam Shield.

Through fraud, more than 2,500 loans were arranged in Saigon Commercial Shares Bank, and more than 1 trillion Vietnam Shield loans were provided to Wenzhou Group and related companies, which amounted to Saigon Commercial Shares Bank during this period. Total loan amount93%.

As of October 17, 2022, unpaid loans exceeded $677 trillion in Vietnam Shield.

In the past ten years, she has illegally withdrawn 900 trillion VND, accounting for 93% of the bank's total loans, which is equivalent to ten months' salary loss for every Vietnamese.

She can always be so corrupt, relying entirely on money to make the way, pull a large group of people relying on money to make the way, and send money and do business, in order to cover up the crime, to pull a lot of officials down the water.

This shady way of holding shares makes her invisible in the bank Right to speak, no one can control her, and this convenience paves the way for her subsequent financial fraud.

Under the ongoing offensive of money, the regulatory system that was supposed to work was completely set up, allowing her illegal operations and illegal behavior to be eliminated. unimpededlyCarried out on the ground.

In the end, in this whirlpool of power-for-money transactions, as many as 85 people were involved.

behind her.” The protective umbrella "is gradually unveiled。

The time has come to October 2022 Zhang Meilan was arrestedThe whole Vietnam exploded, a series of troubles followed, and she took over the Saigon Commercial Bank, she was caught, and all the savers were in panic and ran to the bank to get money.

In order to stabilize the situation, the Central Bank of Vietnam had no choice but to use one-third of its foreign exchange reserves (US$24 billion) to relieve the emergency before it could barely stabilize the market.

This matter is not over yet. Zhang Meilan has long tied the real estate industry to corporate bonds, and the two industries have been paralyzed one after another. Markets in crisisAbout 40,000 victims followed misfortune, becoming the most innocent victims.

In March 2024, the largest economic case in Vietnam was finally opened, with 2,700 people testifying in court alone, and 104 boxes of evidence stacked in the court, the scene was shocking, and the key is that the trial was broadcast live.

It is clear that the Vietnamese government wants to tell everyone that repeating this thing, we are real.

Zhang Merlan speaks to himself in court for a moment. Not understand business.Take all the responsibilities clean, a moment to sell tragic compassion, her husband apologized for the blame, the prosecutor did not eat this set, directly struck her. Without regrets, full of shirking responsibility.

As a result, in April, the court sentenced her to death for corruption, bribery and other crimes, as well as to compensate her for 673.8 trillion Vietnam Shield, approximately 19.5 billion yuan.

In October of the same year, Zhang Merlan was charged with fraud and money laundering. Return to $11 billionCan consider reducing the sentence, she said that her property was underestimated and willing to help Disposal for life.。

Later, in 2025, Vietnam revised the law, corruption was not sentenced to death, and after the implementation in July, she changed the sentence. life imprisonment, the $27 billion corruption case was not sentenced to death.

conclusion

Zhang Merlan’s life is a tragedy dominated by greed.

From a hawker to a business legend, she regarded the bank as her own at her peak. During the trial, she refuted that she wanted to donate money in exchange for her life. Finally, due to legal changes, the sentence was commuted to life imprisonment.

Although Zhang Meilan's matter has become a thing of the past, the reflection it left has never stopped. Thinking about money, there is no bottom line in power. No matter how powerful a legend is, it will eventually stumble and serve as a lesson for future generations.。

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Source of information:
[1] Red Star News-Vietnam's richest woman pleads to avoid death in prison: willing to help the country turn assets into "geese that can lay golden eggs" and bring in 200 trillion VND

Vietnam’s 68-year-old leader, Zhang Merlan, will be sentenced to life in prison by death sentence, before being accused of fraud $27 billion.