Society

Jail term of 4-5 years proposed for former SBV deputy governor

The Ho Chi Minh City People’s Procuracy on June 27 proposed an imprisonment sentence of 4-5 years to Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV) for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
Jail term of 4-5 years proposed for former SBV deputy governor ảnh 1Former SBV Deputy Governor Dang Thanh Binh at the court (Source: VNA)

HCM City (VNA) – The Ho Chi Minh City People’sProcuracy on June 27 proposed an imprisonment sentence of 4-5 years to Dang Thanh Binh,former Deputy Governor of the State Bank of Vietnam (SBV) for the charge of lackingresponsibility causing serious consequences at the Vietnam Construction JointStock Commercial Bank (VNCB).

Meanwhile, for otherdefendants tried for the same charge, the procuracy demanded a prison term of between36 months and 42 months for Le Van Thanh, former general inspector of the SBVbranch in Long An province.

Imprisonment sentencesof between 30 months and 36 months was suggested for Ha Tan Phuoc, former headof the supervision group and former deputy director of the SBV branch in LongAn and Pham The Tuan, former deputy head of the supervision group and formerdeputy director of the Vietcombank branch in HCM City.

A prison term of between 24 months and36 months was proposed for Ngo Van Thanh, former member of the supervisiongroup.
The defendants were exempted from civilresponsibilities, as it was identified that Pham Cong Danh, former chairman ofthe Board of Directors of VNCB, and his accomplices misused the money.

The procuracy also asked authorisedagencies to investigate the role of the SBV leaders in the bank restructuringand related individuals involved in the losses at VNCB.

The Ho Chi Minh City People’sCourt opened the first instance trial on June 25. According to the indictment,Ha Tan Phuoc, Le Van Thanh, Pham The Tuan and Ngo Van Thanh, as members of theSBV supervision group at VNCB, were assigned to supervise the operation ofVNCB, including transactions worth 5 billion VND or more.

However, they failed to perform their missions,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, the 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 and implement restructuring plan ofDai Tin (Trust Bank) – the predecessor of VNCB. 

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.

The trial is scheduled to run until June 29.-VNA

VNA
#former Deputy Governor of the State Bank of Vietnam Dang Thanh Binh #SBV #Vietnamplus #Vietnam News Agency #Vietnam Construction Joint Stock Commercial Bank #VNCB Vietnam
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