Court upholds sentences for former Vietinbank officials
The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) ruled at the first instance trial for their wrongdoings at the bank.
Defendant Huynh Thi Huyen Nhu (wearing glasses) at the appeal court (Photo: VNA)HCM City (VNA) – The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) ruled at the first instance trial for their wrongdoings at the bank.
Accordingly, the court upheld the life imprisonment to Huynh Thi Huyen Nhu and seven years in prison to Vo Anh Tuan on charge of swindling to appropriate 1.085 trillion VND (43.8 million USD) of five companies. Together with his previous sentence, the combined penalty for Tuan is 27 years behind the bar.
The court also kept the first instance trial’s decision on compensation responsibility of Nhu and Tuan.
In the case, Tuan helped Nhu appropriate over 200 billion VND out of the 1.085 trillion VND. Therefore, Nhu was forced to compensate four companies namely Orient Securities Corporation, SaigonBank Berjaya Securities Company, Global Insurance Corporation, An Loc Company while Tuan was asked to compensate over 200 billion VND for Hung Yen Investment JSC.
According to the first instance trial’s verdict announced on February 9, from May to September 2011, Huynh Thi Huyen Nhu, who was then a controller and acting head of the Dien Bien Phu transaction office of the HCM City branch of Vietinbank, persuaded five companies to deposit money in the Nha Be and HCM City branches of Vietinbank.
She promised them interest rates higher than the ceiling rate regulated by the State.
Nhu took advantage of accounts at Vietinbank, used many tricks and faked seals and documents to appropriate the money of these companies.-VNA
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Society
Exhibition offers insight into Vietnam in the 1930s
An exhibition themed ‘Sofia Yablonska -The lifetime journey through the century’ opened in Hanoi recently as an event to celebrate the 32nd anniversary of the diplomatic relations between Vietnam and Ukraine.
Society
Vietnam, India boost education cooperation
The Indian Consulate General in Ho Chi Minh City held the India-Vietnam Meet in Education Sector, themed “InnovEdu: Training and Partnership” on April 24.
Society
Victims in southwestern border defence war commemorated
A ceremony was held in the town of Ba Chuc, Tri Ton district, the Mekong Delta province of An Giang on April 24 to commemorate people massacred by the Pol Pot genocidal regime in 1978 during the southwestern border defence war.
Society
Quang Ngai: Traditional ceremony honours ancient Hoang Sa flotilla
An annual ceremony commemorating sailors of the historic Hoang Sa (Paracel) flotilla took place in the communal house of An Vinh village, Ly Son district, the central province of Quang Ngai, on April 24.
Society
Ben Tre presses ahead with combating IUU fishing
The coastal Mekong Delta province of Ben Tre is pushing its efforts in preventing and combating illegal, unreported, and unregulated (IUU) fishing, preparing to work with the EC inspection team for the 5th time.
