Ñinh La Thanê g appeals against jail sentence
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 Peoples 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 Peoples 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 Peoples 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 PetroVietnams 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 groups capital totalling VNÑ800 billion to OceanBank.
Due to OceanBanks poor capability and violations committed by Haø Vanê Thamé , former chairman of OceanBanks 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