Dinh La Thang, former Chairman of the Member Council of PetroVietnam (Photo: VNA)

Hanoi (VNA) – The Investigation Police Department under the Ministry of Public Security on December 8 issued a decision to arrest and start legal proceedings against Dinh La Thang, former Chairman of the Member Council of PetroVietnam (PVN).

Thang, who is currently a member of the Party Central Committee and deputy head of the Party Central Committee’s Economic Commission, was arrested to serve the investigation of two serious economic cases.

He is suspected of involvement in the case of deliberately violating the State’s regulations on economic management, causing serious consequences (Article 165 of the Penal Code), and abusing position and authority to arrogate property (Article 280 of the Penal Code), causing losses of 800 billion VND in PVN’s investment in OceanBank.

Thang is also thought to have a role in the case of deliberately violating the State’s regulations on economic management, causing serious consequences and committing embezzlement (Article 278 of the Penal Code) in PetroVietnam Construction Corporation related to the Thai Binh 2 thermal power project.

The same day, the Politburo issued a decision on suspending Thang’s Party-related activities as from December 8, 2017.

Also on December 8, the 14th National Assembly’s Standing Committee adopted a resolution suspending Dinh La Thang’s status of a NA deputy.-VNA