Court reviews asset embezzlement case at PVP Land
Hanoi (VNA) – The High-Level People’s
Court in Hanoi on June 5 opened a trial to look into the appeals of the
defendants in the asset embezzlement case at PetroVietnam Power Land JSC (PVP
Land).
The court is scheduled to last until June 7.
In February 2018, the Hanoi People’s Court
sentenced Trinh Xuan Thanh, former Chairman of the Board of Directors of
PetroVietnam Construction Corporation (PVC), to life imprisonment.
Thanh’s accomplices, Dao Duy Phong, former
Chairman of PVP Land’s Board of Directors, was given a jail sentence of 16
years.
Dinh Manh Thang, former Chairman of
the Board of Directors of Song Da Oil and Gas Investment and Commerce JSC, got
nine years in prison.
Le Hoa Binh, former Chairman of the
Board of Directors of 1/5 Construction and Services JSC and Minh Ngan JSC, and
Nguyen Thi Kim Thoa, former chief accountant of 1/5 Construction and Services
JSC and Minh Ngan JSC were sentenced to eight-year and six-year imprisonments,
respectively.
Thai Kieu Huong, former Deputy General
Director of Vietsan Investment JSC, and Huynh Nguyen Quoc Duy, a self-employed
trader, each received a prison sentence of 10 years.
All these defendants were charged with
“asset embezzlement” in accordance with Article 278, Clause 4, Count a of the
1999 Penal Code (now is Article 353, Clause 4, Count a of the 2015 Penal Code),
according to the court.
Six out of the eight defendants lodged
their appeals against the first-instance sentences. However, Thanh and Phong
then withdrew their appeals.
Meanwhile, Thang, Huong and Duy asked
for a reduction of their jail terms. Thoa claimed she is innocent in the case.
Phong’s wife, Nguyen Thuy Hoa, who was
involved in the case as a person with related interests and obligations, also
lodged an appeal requesting the return of 2 billion VND of the money that her
family had paid to correct the consequences of the case as the cash is more
than the requested amount.
Between February and mid-April 2010,
Thanh, as Chairman of the Board of Directors of PVC, along with Thang, Duy and
Huong, with the support of Binh and Thoa instructed Dao Duy Phong and Nguyen
Ngoc Sinh, representatives of PVC’s capital at PVP Land, and Dang Sy Hung, chief of PVP Land’s economic
and planning division, to transfer 12.12 million shares of PVP Land at
Trans-Pacific Services JSC – the parent company of Vietsan to Minh Ngan JSC
with a price lower than the deposit price.
They appropriated a differential sum
of more than 87 billion VND (3.86 million USD).
Of the money, Thanh arrogated 14
billion VND, while Thang pocketed 5 billion VND; Phong, 8 billion VND; and
Sinh, 2 billion VND.
The defendants received a total of 49
billion VND from the deal.
According to the verdict of the
first-instance trial, among the defendants, Thanh played the decisive role in
the case, followed by Phong and Sinh.-VNA