Vinashin ex-leaders prosecuted for abusing position, power

Four former leaders of the State-run Vietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding Industry Corporation (SBIC), have been charged with “abusing position and power to appropriate assets”.
Vinashin ex-leaders prosecuted for abusing position, power ảnh 1Former General Director of Vinashin/SBIC Truong Van Tuyen (L) and former Deputy General Director Pham Thanh Son are among the four prosecuted for“abusing position and power to appropriate assets” (Photo courtesy of the investigation agency)

Hanoi (VNA) – Four former leaders of the State-runVietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding IndustryCorporation (SBIC), have been charged with “abusing position and power toappropriate assets”.

This is part of the second phase of a caseinvolving violations by former Chairman of the Board of Directors of the OceanCommercial Joint Stock Bank (OceanBank) Ha Van Tham and his accomplices.

The accussed consist of former Chairman of theMembers’ Council of Vinashin/SBIC Nguyen Ngoc Su, former General Director ofthe firm Truong Van Tuyen, former Deputy General Director Pham Thanh Son andformer Chief Accountant Tran Duc Chinh.

According to the Supreme People’s Court’s indictment,they together agreed to make fixed-term deposits at OceanBank to gain extrainterest that was not stated in deposit contracts.

Investigators have found that from 2010 to June2014, Vinashin made more than 2,300 fixed-term deposit contracts involvingnearly 104 trillion VND and some 181 million USD with OceanBank.

From March 2011 to August 2014, Chinh receivedmore than 105 billion VND in extra interest from OceanBank. As agreed by thefour, Chinh was assigned to receive and manage the extra interest to use forthe firm’s activities and divide up the money among them.

The procuracy said Su initiated the depositing,signed 12 deposit contracts and gained 8 billion VND himself. Authorised byTuyen, Chinh also signed many deposit contracts at OceanBank.

The four appropriated a total of 10 billion VNDfor themselves, according to the procuracy.-VNA
VNA

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