Ñinh La Thanê g ap­peals against jail sen­tence

Viet Nam News - - NATIONAL -

HAØ NOIÄ — Ñinh La Thanê g, for­mer chair­man of the Mem­ber Coun­cil of the Viet­nam Oil and Gas Group (PetroViet­nam), who was in­volved in the OceanBank case, has ap­pealed against his jail sen­tence to the Haø Noiä Peo­ple’s Court.

Ear­lier, the court on March 29 handed down an 18-year jail sen­tence to Thanê g, also for­mer min­is­ter of Trans­port and for­mer chair­man of the HCM City Peo­ple’s Com­mit­tee, for his role in the OceanBank case that caused losses of VNÑ800 bil­lion (US$35.2 mil­lion) to the State bud­get.

The Haø Noiä Peo­ple’s Court has also re­ceived ap­peals of five other de­fen­dants in the case two weeks af­ter it is­sued the ver­dicts.

They in­cluded Nguyeãn Xuaân Sôn, for­mer deputy gen­eral di­rec­tor of PetroViet­nam, sen­tenced to 30 months in prison, Vuõ Khanù h Tröônø g, a for­mer mem­ber of the Mem­ber Coun­cil of PetroViet­nam, sen­tenced to5yearsin­jail,Nguyenã Than­hLiemâ andPhanÑìn­hÑöcù ,al­so­former­mem­bers of the PetroViet­nam Mem­ber Coun­cil, re­ceiv­ing non-cus­to­dial reed­u­ca­tion pe­ri­ods of 20 months and 15 months, re­spec­tively and Ninh Vanê Quynø h,for­mer­chiefac­coun­tant and for­mer head of the depart­ment of fi­nance, ac­count­ing and au­dit­ing of PetroViet­nam, 23 years be­hind bars.

The court also or­dered the de­fen­dants to com­pen­sate VNÑ800 bil­lion for the losses they caused to PetroViet­nam.

Of the to­tal, Thanê g has to re­fund VNÑ600 bil­lion ($26.4 mil­lion), Quynø h VNÑ100 bil­lion ($4.4 mil­lion) and Vuõ Khanù h Tröônø g VNÑ40 bil­lion ($1.76 mil­lion). Each of the four other de­fen­dants has to re­pay VNÑ15 bil­lion ($660,000).

Quynø h, who was found abus­ing his po­si­tion and power to mis­ap­pro­pri­ate VNÑ20 bil­lion ($880,000) from OceanBank, had pre­vi­ously re­funded the amount.

In 2008, af­ter fail­ing to es­tab­lish Honà g Vi­etä Com­mer­cial Joint Stock Bank, PetroViet­nam de­cided to in­vest in OceanBank.

From 2008 to 2011, Thanê g in­structed and de­cided on PetroViet­nam’s in­vest­ment in OceanBank to be­come a share­holder of the bank.

Under his in­struc­tion, Tröônø g, Liemâ , Ñöcù , Sôn and Quynø h car­ried out three con­tri­bu­tions of the group’s cap­i­tal to­talling VNÑ800 bil­lion to OceanBank.

Due to OceanBank’s poor ca­pa­bil­ity and vi­o­la­tions com­mit­ted by Haø Vanê Thamé , for­mer chair­man of OceanBank’s Board of Di­rec­tors, the bank suf­fered se­ri­ous losses, lead­ing to the loss of the whole VNÑ800 bil­lion in­vested by PetroViet­nam, then the State Bank of Viet­nam was forced to buy OceanBank at zero Vi­etä Nam ñonà g .— VNS

Newspapers in English

Newspapers from Viet Nam

© PressReader. All rights reserved.