Police widen probe of alleged graft linked to Petrovietnam
other defendants are accused of implementing it.
Ocean Bank executives told the court they had to offer customers higher interest rates to attract savings and that the bank would have collapsed if they had not done so. They also told the court they had given senior executives of the three Petrovietnam subsidiaries tens of thousands of dollars for their support. The senior executives denied the allegations.
Prosecutors on Thursday sought the death penalty for former Ocean Bank General Director Son, who later served as chairman of Petrovietnam, according to the state-run Tuoi Tre newspaper.
The newspaper said prosecutors also sought life imprisonment for Tham and penalties ranging from an 18-month suspended sentence to 27 years in jail for 49 other defendants.