At the court (Source: VNA) HCM City (VNA) – TheHigh-Level People’s Court in Ho Chi Minh City on August 15 pronounced sentencesto former leaders of Navibank, known as National Citizen Bank, on the charge of“intentionally violating State regulations on economic mismanagement, causingserious consequences.”
The jury rejected appeals ofseven defendants, upholding 13-year imprisonment sentence to Le Quang Tri, formerNavibank General Director; 12-year jail sentence to former Deputy GeneralDirectors Nguyen Giang Nam, Cao Kim Son Cuong and Nguyen Hung Son; 11-year jailpenalty to former chief of the capital division Doan Dang Luat and former chiefof the accounting division Huynh Vinh Phat, and 10-year prison sentence toformer chief of the division for relations with corporate clients Tran ThanhBinh.
The jury agreed to reduce jail sentencefrom seven years to six years for Pham Thi Thu Hien, former chief of the legaldivision; Nguyen Ngoc Oanh, former chief of the risk management division; andDinh Thi Doan Trang, former chief of the client service division.
According to the indictment ofthe Supreme People’s Procuracy, from November 19, 2010 to May 27, 2011, thecredit council of Navibank, which comprised all the 10 defendants, signed adocument giving credit of 1,543 billion VND (67.4 million USD) to 14 employeeswho later deposited the money at the Nha Be branch of Vietinbank to gain theextra interest that was not shown in contracts.
The extra interest that Huynh ThiHuyen Nhu, former deputy chief of the risk management department of the HCMCity branch of VietinBank, paid was more than 24 billion VND (over 1 millionUSD), of which over 15 billion VND was transferred to the account of Huynh VinhPhat and over 9 billion VND in cash given to Doan Dang Luat.
Nhu took advantage of thedefendants’ acts to appropriate 200 billion VND (8.7 million USD) of Navibank,according to the indictment.
At the March 12 trial, theprocuracy 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, thedefendants’ acts have violated State regulations on economic management, harmedthe prestige of State management agencies in the banking sector and partiallyaffected the country’s financial and monetary during 2010-2011.-VNA
The jury rejected appeals ofseven defendants, upholding 13-year imprisonment sentence to Le Quang Tri, formerNavibank General Director; 12-year jail sentence to former Deputy GeneralDirectors Nguyen Giang Nam, Cao Kim Son Cuong and Nguyen Hung Son; 11-year jailpenalty to former chief of the capital division Doan Dang Luat and former chiefof the accounting division Huynh Vinh Phat, and 10-year prison sentence toformer chief of the division for relations with corporate clients Tran ThanhBinh.
The jury agreed to reduce jail sentencefrom seven years to six years for Pham Thi Thu Hien, former chief of the legaldivision; Nguyen Ngoc Oanh, former chief of the risk management division; andDinh Thi Doan Trang, former chief of the client service division.
According to the indictment ofthe Supreme People’s Procuracy, from November 19, 2010 to May 27, 2011, thecredit council of Navibank, which comprised all the 10 defendants, signed adocument giving credit of 1,543 billion VND (67.4 million USD) to 14 employeeswho later deposited the money at the Nha Be branch of Vietinbank to gain theextra interest that was not shown in contracts.
The extra interest that Huynh ThiHuyen Nhu, former deputy chief of the risk management department of the HCMCity branch of VietinBank, paid was more than 24 billion VND (over 1 millionUSD), of which over 15 billion VND was transferred to the account of Huynh VinhPhat and over 9 billion VND in cash given to Doan Dang Luat.
Nhu took advantage of thedefendants’ acts to appropriate 200 billion VND (8.7 million USD) of Navibank,according to the indictment.
At the March 12 trial, theprocuracy 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, thedefendants’ acts have violated State regulations on economic management, harmedthe prestige of State management agencies in the banking sector and partiallyaffected the country’s financial and monetary during 2010-2011.-VNA
VNA
