Trial to begin on case of abusing power at PVEP on May 6
Hanoi (VNA) – The Hanoi People’s Court will open a trial of the case of abusing position and power to appropriate assets at the PetroVietnam Exploration Production Corporation (PVEP) on May 6.
This is the fourth of a series of cases in connection with the payment of extra interests at the OceanBank that involved Ha Van Tham, former Chairman of the Board of Directors of OceanBank.
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 PetroVietnam 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.
The trial is scheduled to last
two days. -VNA