Responding to the judges, Le Thuy Hang admitted to all charges, claiming the misappropriated funds were used for company development and employee welfare.
Former SJC general director Le Thuy Hang is accused of orchestrating the purchase of external gold to supplement SJC gold bar production, using a backup machine to stamp serial numbers.
The Vietnamese government has ended its monopoly on gold bar production, allowing qualified businesses and banks to participate, according to a new decree.
