Former General Director Truong Van Tuyen (L) and Deputy General Director Pham Thanh Son of the Vietnam Shipbuilding Industry Corporation (Vinashin) (Source: vnexpress.net)

Hanoi (VNA) – The Ministry of Public Security announced on December 10 that its Investigation Police Agency has started legal proceedings against the temporarily detained former General Director Truong Van Tuyen and Deputy General Director Pham Thanh Son of the Vietnam Shipbuilding Industry Corporation (Vinashin).

They are being investigated for “abusing position and power to appropriate assets”.

Specifically, following the directions of the Central Steering Committee on Corruption Prevention and Control, as well as the Ministry of Public Security, the Investigation Police Agency is conducting an expanded investigation into a wider case of “abusing position and power to appropriate assets” occurring at Vinashin.

The investigation process revealed that Tuyen and Son had abused their positions and power to illegally sign the approval of making term deposits of Vinashin (now named SBIC) into Ocean Bank. They are allegedly the accomplices of Tran Duc Chinh, chief accountant of Vinashin, in embezzling 105 billion VND (4.5 million USD) from the bank, aside from the interests from the deposits.

The Investigation Police Agency on December 6 decided to begin investigations and issue an order to put the two men in temporary detention and search their houses, as regulated by Article 355 of the 2015 Penal Code. The decisions and orders were then also ratified by the Supreme People’s Procuracy of Vietnam.

The police are investigating the case further and retrieving lost properties.–VNA