Jail terms proposed for defendants in Navibank case
The Ho Chi Minh City People’s Procuracy on March 12 proposed jail sentences of 8-15 years for ten former Navibank officials involving in the case of “deliberately violating State regulations on economic management, causing serious consequences” at the bank.
Defendants at the court. (Source: VNA)HCM
City (VNA) – The Ho Chi Minh City People’s Procuracy on March 12
proposed jail sentences of 8-15 years for ten former Navibank officials
involving in the case of “deliberately
violating State regulations on economic management, causing serious
consequences” at the bank.
Accordingly, a 14-15 year imprisonment was sought for former General Director Le Quang Tri.
Meanwhile, a jail sentence of 12-13 years was suggested for Doan Dang Luat (former chief of the capital source division), Huynh Vinh Phat (former chief of the accounting division), Tran Thanh Binh (former chief of the division for relations with client businesses) and former Deputy General Director Nguyen Giang Nam.
Former Deputy General Directors Cao Kim Son Cuong and Nguyen Hung Son are expected to spend 10-11 years behind bars while Dinh Thi Doan Trang (former chief of the client services division) may be given a 9-10 year imprisonment.
A prison term of 8-9 years was demanded for Pham Thi Thu Hien (former chief of the legal division) and Nguyen Ngoc Oanh (former chief of the risk management division).
They all faced the charge of “deliberately violating State regulations on economic management, causing serious consequences.”
According to the indictment of the Supreme People’s Procuracy, from November 19, 2010 to May 27, 2011, the credit council of Navibank, which comprised Le Quang Tri, Cao Kim Son Cuong, Nguyen Hung Son, Nguyen Giang Nam, Tran Thanh Binh, Dinh Thi Doan Trang, Pham Thi Thu Hien, and Nguyen Ngoc Oanh, signed a document giving credit of 1,543 billion VND (67.4 million USD) to 14 employees who later deposited the money at the Nha Be branch of Vietinbank to gain the extra interest that was not shown in contracts.
The extra interest that Huynh Thi Huyen Nhu, former deputy chief of the risk management department of the HCM City branch of VietinBank, paid was more than 24 billion VND (1 million USD), of which over 15 billion VND was transferred to the account of Huynh Vinh Phat and over 9 billion VND in cash given to Doan Dang Luat.
Nhu took advantage of the defendants’ acts to appropriate 200 billion VND (8.7 million USD) of Navibank, according to the indictment.
At the March 12 trial, the procuracy suggested the judge panel take back 24 billion VND (1 million USD), which, they said, should be added to the State coffer.
According to the procuracy, the defendants’ acts have violated State regulations on economic management, harmed the prestige of State management agencies in the banking sector and partially affected the country’s financial and monetary during 2010-2011.-VNA
Accordingly, a 14-15 year imprisonment was sought for former General Director Le Quang Tri.
Meanwhile, a jail sentence of 12-13 years was suggested for Doan Dang Luat (former chief of the capital source division), Huynh Vinh Phat (former chief of the accounting division), Tran Thanh Binh (former chief of the division for relations with client businesses) and former Deputy General Director Nguyen Giang Nam.
Former Deputy General Directors Cao Kim Son Cuong and Nguyen Hung Son are expected to spend 10-11 years behind bars while Dinh Thi Doan Trang (former chief of the client services division) may be given a 9-10 year imprisonment.
A prison term of 8-9 years was demanded for Pham Thi Thu Hien (former chief of the legal division) and Nguyen Ngoc Oanh (former chief of the risk management division).
They all faced the charge of “deliberately violating State regulations on economic management, causing serious consequences.”
According to the indictment of the Supreme People’s Procuracy, from November 19, 2010 to May 27, 2011, the credit council of Navibank, which comprised Le Quang Tri, Cao Kim Son Cuong, Nguyen Hung Son, Nguyen Giang Nam, Tran Thanh Binh, Dinh Thi Doan Trang, Pham Thi Thu Hien, and Nguyen Ngoc Oanh, signed a document giving credit of 1,543 billion VND (67.4 million USD) to 14 employees who later deposited the money at the Nha Be branch of Vietinbank to gain the extra interest that was not shown in contracts.
The extra interest that Huynh Thi Huyen Nhu, former deputy chief of the risk management department of the HCM City branch of VietinBank, paid was more than 24 billion VND (1 million USD), of which over 15 billion VND was transferred to the account of Huynh Vinh Phat and over 9 billion VND in cash given to Doan Dang Luat.
Nhu took advantage of the defendants’ acts to appropriate 200 billion VND (8.7 million USD) of Navibank, according to the indictment.
At the March 12 trial, the procuracy suggested the judge panel take back 24 billion VND (1 million USD), which, they said, should be added to the State coffer.
According to the procuracy, the defendants’ acts have violated State regulations on economic management, harmed the prestige of State management agencies in the banking sector and partially affected the country’s financial and monetary during 2010-2011.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Society
Government’s action program cracks down on illegal fishing
A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action program as the country is striving to clamp down on illegal fishing.
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.
