Defendants at the court. (Source: VNA) HCMCity (VNA) – The Ho Chi Minh City People’s Procuracy on March 12proposed jail sentences of 8-15 years for ten former Navibank officialsinvolving in the case of “deliberatelyviolating State regulations on economic management, causing seriousconsequences” at the bank.
Accordingly, a 14-15 year imprisonment was soughtfor former General Director Le Quang Tri.
Meanwhile, a jail sentence of 12-13 years wassuggested 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 formerDeputy General Director Nguyen Giang Nam.
Former Deputy General Directors Cao Kim Son Cuongand Nguyen Hung Son are expected to spend 10-11 years behind bars while DinhThi Doan Trang (former chief of the client services division) may be given a9-10 year imprisonment.
A prison term of 8-9 years was demanded for PhamThi Thu Hien (former chief of the legal division) and Nguyen Ngoc Oanh (formerchief of the risk management division).
They all faced the charge of “deliberatelyviolating State regulations on economic management, causing seriousconsequences.”
According to the indictment of the SupremePeople’s Procuracy, from November 19, 2010 to May 27, 2011, the credit councilof 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, andNguyen Ngoc Oanh, signed a document giving credit of 1,543 billion VND (67.4million USD) to 14 employees who later deposited the money at the Nha Be branchof 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 ofVietinBank, paid was more than 24 billion VND (1 million USD), of which over 15billion VND was transferred to the account of Huynh Vinh Phat and over 9billion VND in cash given to Doan Dang Luat.
Nhu took advantage of the defendants’ acts toappropriate 200 billion VND (8.7 million USD) of Navibank, according to theindictment.
At the March 12 trial, the procuracy suggestedthe 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’ actshave violated State regulations on economic management, harmed the prestige ofState management agencies in the banking sector and partially affected thecountry’s financial and monetary during 2010-2011.-VNA
Accordingly, a 14-15 year imprisonment was soughtfor former General Director Le Quang Tri.
Meanwhile, a jail sentence of 12-13 years wassuggested 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 formerDeputy General Director Nguyen Giang Nam.
Former Deputy General Directors Cao Kim Son Cuongand Nguyen Hung Son are expected to spend 10-11 years behind bars while DinhThi Doan Trang (former chief of the client services division) may be given a9-10 year imprisonment.
A prison term of 8-9 years was demanded for PhamThi Thu Hien (former chief of the legal division) and Nguyen Ngoc Oanh (formerchief of the risk management division).
They all faced the charge of “deliberatelyviolating State regulations on economic management, causing seriousconsequences.”
According to the indictment of the SupremePeople’s Procuracy, from November 19, 2010 to May 27, 2011, the credit councilof 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, andNguyen Ngoc Oanh, signed a document giving credit of 1,543 billion VND (67.4million USD) to 14 employees who later deposited the money at the Nha Be branchof 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 ofVietinBank, paid was more than 24 billion VND (1 million USD), of which over 15billion VND was transferred to the account of Huynh Vinh Phat and over 9billion VND in cash given to Doan Dang Luat.
Nhu took advantage of the defendants’ acts toappropriate 200 billion VND (8.7 million USD) of Navibank, according to theindictment.
At the March 12 trial, the procuracy suggestedthe 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’ actshave violated State regulations on economic management, harmed the prestige ofState management agencies in the banking sector and partially affected thecountry’s financial and monetary during 2010-2011.-VNA
VNA
