Former executives of oil corporation to be tried for appropriation of property
Hanoi (VNA) – The Supreme People’s Procuracy has completed the indictment on
a case of abusing position and power to appropriate
property at the PetroVietnam Exploration Production Corporation (PVEP) and
assigned the Hanoi People’s Procuracy to exercise public prosecution in the
first-instance trial of the case.
Three defendants in the case are Do Van Khanh, former Director
General of the PVEP, Nguyen Tuan Hung, former head of PVEP’s Financial
Department, and Vu Thi Ngoc Lan, former Deputy Director General of PVEP. They
are charged with abusing position and power to appropriate property under
Article 355 of the 2015 Penal Code.
According
to the indictment, the PVEP engaged in transactions on deposits of fixed and
non-fixed terms at OceanBank during 2009-2014 under the direction of the
Vietnam National Oil and Gas Group (PetroVietnam) on prioritising financial
services of OceanBank, to which Petro Vietnam contributed 20 percent of the
charter capital.
As
the then Director General of PVEP, Khanh assigned Lan, who was then Deputy
Director General in charge of finance, accounting and auditing, to approve and
sign the deposit contracts with OceanBank. Meanwhile, Hung was the person
drafting and submitting the contracts to Lan for approval.
At
the instruction of Ha Van Tham, then Chairman of the Board of Directors of
OceanBank, on paying extra interest which was not stated in contracts to all
clients who deposited money in the bank, then Deputy Director General of
OceanBank Nguyen Thi Minh Phuong and some other executives of the bank paid
more than 51.8 billion VND (2.23 million USD) in extra interest to Hung.
Meanwhile,
Khanh received more than 4 billion VND from Hung, and Lan received 200 million
VND from Phuong.-VNA