Dang Thanh Binh (Source: VNA) HCM City (VNA) –Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV), wassentenced to three years in prison for the charge of lacking responsibilitycausing serious consequences at the Vietnam Construction Bank (VNCB) during thefirst instance trial in Ho Chi Minh City on July 2.
With the same charge, HaTan Phuoc, former head of the SBV supervisiongroup and former Deputy Director of the SBV branch in Long An, received a jailsentence of two years.
Le VanThanh, former Chief Inspector of the SBV branch in Long An was sentencedto two and a half years; Ngo Van Thanh, former member of the SBV supervisiongroup, received one and a half years; and Pham The Tuan, former deputy head ofthe SBV supervision group, got one year.
Thedefendants were exempted from their civil responsibilities, as it wasidentified that Pham Cong Danh, former chairman of the Board of Directors ofVNCB, and his accomplices misused the money.
Accordingto the indictment, Ha Tan Phuoc, Le Van Thanh, Pham The Tuan, and Ngo VanThanh, as members of the SBV supervision group at VNCB, were assigned tosupervise the operation of VNCB, including transactions worth 5 billion VND andmore.
However, they failed to perform their roles,allowing Pham Cong Danh and his accomplices to withdraw money from the bank,causing serious consequences.
Meanwhile, as the person in charge of the SBV’ssupervision agency and legal department, and tasked with assisting the SBVGovernor in directing the reshuffle of six banks with poor performance, DangThanh Binh had failed to perform his duties in implementing the restructuringplan of Dai Tin (Trust Bank), the VNCB predecessor.
Binh allowed Danh and his accomplices to jointhe management work and hold dominant shares at the bank, which enabled them tocause serious economic losses of over 15 trillion VND (656.2 million USD) tothe bank, according to the indictment. -VNA
VNA
